June 3 (SeeNews) - Croatian printing and publishing company Vjesnik said on Friday it will propose to its shareholders to launch a liquidation procedure.
Following the news, its share price surged 81.19% to 7.90 kuna on Friday afternoon on the Zagreb bourse.
The company booked a loss of some 7.8 million kuna ($1.1 million/1.0 million euro) for 2021.
The shareholders will vote on the proposal on July 5.
The company stopped publishing its daily Vjesnik in 2012. However, it offers printing services and owns a real estate complex in Zagreb.
(1 euro=7.518 kuna)