January 28 (SeeNews) - Bulgarian diversified group 235 Holdings [BUL:94G] said that Hong Kong-registered 235 Holdings Limited increased its stake in the company to 25.47% from 24.66% on January 23.
The company did not provide further details.
Sofia-based 235 Holdings' shares last traded on the Bulgarian Stock Exchange at a price of 22.6 levs ($12.9/11.6 euro) apiece, which would value the 0.81% stake acquired by the Hong Kong-registered company at some 935,000 levs.
235 Holdings Limited held a stake of 97.87% in 235 Holdings in June 2018 but through a number of deals over the next year and a half decreased its interest in the company to 24.66% in December 2019.
235 Holdings shares started trading on the Bulgarian Stock Exchange in July 2018. In June 2018, 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.
Hong Kong-registered 235 Holdings Limited is controlled by Bulgarian private individual Tenyo Latev.
(1 euro = 1.95583 levs)