Bulgarian financial regulator asks 235 Holdings to fix cap hike prospectus

The regulator did not provide further details in its statement, published on Thursday.

Last month, 235 Holdings said that it will seek to raise some 12.77 million levs ($7.3 million/6.5 million euro) by offering 12,772,500 shares at a price of 1 lev each.

235 Holdings shares last traded on the Bulgarian Stock Exchange in June, at a price of 21 levs apiece.

The capital increase will be considered successful if the company raises at least 4 million levs.

Currently, 235 Holdings' capital amounts to 5.109 million levs, divided into the same number of shares.

235 Holdings shares started trading on the Bulgarian Stock Exchange on July 4, 2018.

In June 2018, 235 Holdings increased its capital to 5.1 million levs from 100,000 levs by issuing 5 million shares at a price of 1 lev apiece.

(1 euro = 1.95583 levs)