May 15 (SeeNews) - Bulgarian car battery manufacturer Monbat [BUL:5MB] has appointed local First Financial Brokerage House (FFBH) as market maker, the Bulgarian Stock Exchange (BSE) said on Tuesday.
As a result, the BSE is terminating the monitoring of Monbat's share issue, the Sofia bourse said in a statement.
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Last month, the BSE said it is placing the issue of shares of Monbat under supervision for a period of three months due to the company's failure to comply with the bourse's listing rules.
Monbat failed to satisfy the requirement for admission on the Premium Equities Segment regarding the minimum number of transactions with the share issue, the BSE said at the time. According to the segment's listing rules, the average monthly number of transactions with the share issue must be at least 150 in each of the past six months.