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Hong Kong-based 235 Holdings Ltd cuts stake in Bulgaria's Green Town Projects

Author Mario Tanev
Hong Kong-based 235 Holdings Ltd cuts stake in Bulgaria's Green Town Projects wrangler/Shutterstock.com

SOFIA (Bulgaria), November 13 (SeeNews) - Bulgarian real estate developer Green Town Projects revealed on Wednesday that Hong Kong-based 235 Holdings Limited has cut its direct shareholding interest in the company to 67.59%.

235 Holdings Limited lowered its stake in the company through a deal concluded on November 11, Green Town Projects said in a bourse filing.

235 Holdings Limited held a 74.93% stake in Green Town Projects on October 11.

The Hong Kong-registered company is controlled by private individual Tenyo Latev, who also owns directly a 1.48% stake in Green Town Projects.

Green Town Projects' shares started trading on the Bulgarian Stock Exchange in August. In July, the company completed a 4.009 million levs ($2.3 million/2.0 million euro) capital increase.

Green Town Projects' shares last traded on the BSE at a price of 10 levs.

Sofia-based Green Town Projects' main activities include purchase of real estate, real estate leasing as well as engineering and construction, according to data published on the Bulgarian commercial register website. The company was established in November 2018. 

(1 euro = 1.95583 levs)

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