KIEV, July 11 - Bogdan car plant (earlier Lutsk Car Plant), which is part of Bogdan Corporation, announced plans to raise UAH275 million, increasing its statutory fund by almost 33% to UAH1.107 billion through an additional issue of shares.

The issue is subject to approval at an extraordinary general meeting of shareholders scheduled for Aug. 29.

A total of 1.1 billion new shares are to be placed.