November 19 (SeeNews) - Bulgarian diversified group 235 Holdings [BUL:94G] said that its majority owner - Hong Kong-registered 235 Holdings Limited - decreased its stake in the company to 67.89% from 74.14% on November 13.
235 Holdings Limited currently holds 3.47 million shares in the Bulgarian company, the Sofia-based diversified group said in a bourse filing on Friday.
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On November 13, some 159,160 shares in 235 Holdings, equal to a 3.11% stake in the company, changed hands in two deals on the Bulgarian Stock Exchange worth some 2 million levs ($1.2 million/1.0 million euro).
Hong Kong-registered 235 Holdings Limited has sold a 30% stake in the Sofia-based company via several transactions since July.
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)