March 21 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has asked local company Far to provide additional information and documents regarding its request for approval of a prospectus for admission to trading on the regulated stock market.
The regulator did not disclose further details in its statement published on Wednesday.
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In November 2018, Far's shareholders approved the company's plan to list all of its existing 2.5 million shares for trading on the Bulgarian Stock Exchange, according to the minutes from the meeting.
Far's shareholders also approved changing the company's scope of business activity to production, trade, storage and processing of agricultural products.
At the time of the meeting, local investor Slavka Georgieva held an 80% stake in Far, while another private individual, Krasimir Dochev, owned the remaining 20% stake.
Far generated revenue of 241,000 levs ($141,000/123,000 euro) in 2017 and ended the year with a net profit of 67,000 levs, according to commercial registry data.
(1 euro = 1.95583 levs)