December 14 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has asked local diversified group Holding Nov Vek [BUL:6N3] to provide additional information and documents regarding its request for approval of a capital increase prospectus.
The regulator provided no further details in its statement, published on Thursday.
This is the second time the regulator has asked the company for clarifications, after it also did so in October.
Holding Nov Vek announced in October that it will seek to raise 20.25 million levs ($11.9 million/10.3 million euro) through a capital increase. Holding Nov Vek intends to offer 1.5 million shares at a price of 13.5 levs apiece, the company said at the time.
Holding Nov Vek shares last traded on the Bulgarian Stock Exchange at a price of 15 levs.
If all offered shares are subscribed for and paid for, Holding Nov Vek will increase its capital to 5.6 million levs from 4.1 million levs.
(1 euro = 1.95583 levs)