April 2 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has asked local heating utility company Toplofikatsiya-Burgas to provide additional information and documents regarding its prospectus for an initial public offering on the Bulgarian Stock Exchange.
Toplofikatsiya-Burgas is planning to offer newly-issued shares in its IPO, the regulator said in a statement on Thursday without providing further details.
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The company currently has a registered capital of some 26.6 million levs ($16 million/13.6 million euro), divided into an equal number of shares, according to commercial register data. The IPO decision has not yet been filed with the registry agency.
Toplofikatsiya-Burgas booked a net profit of 946,000 levs on revenue of 28.6 million levs in 2019, according to its most recent annual financial statement.
(1 euro = 1.95583 levs)