August 14 (SeeNews) - Bulgarian diversified group 235 Holdings [BUL:94G] said on Tuesday that its majority owner - Hong Kong-registered 235 Holdings Limited - has decreased its stake in the company to 84.55% from 87.37% on August 9.
235 Holdings Limited currently holds 4.32 million shares in the Bulgarian company, the Sofia-based diversified group said in a bourse filing.
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On August 9, a total of 143,500 shares in 235 Holdings, representing a 2.81% stake, traded on the Bulgarian Stock Exchange in two deals worth a total of 1.02 million levs ($593,900/521,500 euro). One of the deals, for 140,000 shares, was priced at 7.1 levs per share, while the remaining 3,500 shares changed hands for 6.4 levs apiece.
Hong Kong-registered 235 Holdings Limited decreased its stake in 235 Holdings to 87.37% from 97.866% in several transactions throughout the past month.
235 Holdings shares started trading on the Bulgarian Stock Exchange on July 4.
In June, 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 equal to the par value.
In January, the financial regulator 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.
(1 euro = 1.95583 levs)