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Bulgaria's 235 Holdings majority owner keeps divesting stake

Author Mario Tanev
Bulgaria's 235 Holdings majority owner keeps divesting stake wrangler/Shutterstock.com

SOFIA (Bulgaria), September 14 (SeeNews) - Bulgarian diversified group 235 Holdings [BUL:94G] said that its majority owner - Hong Kong-registered 235 Holdings Limited - has decreased its stake in the company to 78.84% from 84.55% on September 10.

235 Holdings Limited currently holds 4.03 million shares in the Bulgarian company, the Sofia-based diversified group said in a bourse filing on Thursday.

Hong Kong-registered 235 Holdings Limited decreased its stake in 235 Holdings to 84.55% from 97.866% in several transactions throughout July and August.

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 ($3.1 million/2.6 million euro) 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)

 

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