June 25 (SeeNews) - Bulgarian diversified group 235 Holdings [BUL:94G] has applied for trading on the standard segment of the regulated market of the Sofia stock exchange, the bourse said.
The company's share issue consists of 5.109 million shares with a nominal value of 1 lev each ($0.60/0.51 euro), the Bulgarian Stock Exchange said in a statement on Friday.
Earlier this month, 235 Holdings increased its capital to 5.1 million levs from 100,000 levs via a new share issue. On June 15, the financial regulator entered the company's share issue in the register of public companies.
In January, the financial regulator said it has approved the company's capital hike prospectus, in accordance to which the company offered a total of 19.9 million shares for subscription. The success threshold was set at 5 million shares to be subscribed for and paid for.
According to the company's prospectus, it will invest the proceeds of the capital increase into the purchase of land, residential properties and securities.
(1 euro = 1.95583 levs)