September 22 (SeeNews) - Bosnian real estate company Napredak [BANJ:NPDK-R-A] said its shareholders have approved a proposal for its transformation from a joint stock company to a limited liability company and delisting from the Banja Luka Stock Exchange.
The company dismissed the board of directors and will withdraw its shares from the Central Securities Depository, it said in a bourse filing on Tuesday.
Its 2,501,665 ordinary shares will be converted into stock owned by Napredak's sole shareholder, local businessman Slobodan Curcic. The total capital will remain unchanged at 2.5 million marka.
The Banja Luka Stock Exchange said it temporary halted trading in Napredak's shares until the legal procedure is completed.