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Hong Kong-registered 235 Holdings Ltd further cuts stake in Bulgaria's 235 Holdings

Author Mario Tanev
Hong Kong-registered 235 Holdings Ltd further cuts stake in Bulgaria's 235 Holdings Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), November 1 (SeeNews) - Bulgarian diversified group 235 Holdings [BUL:94G] said on Friday that Hong Kong-registered 235 Holdings Limited decreased its stake in the company to 29.49% from 34.50% on October 29.

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.

Hong Kong-registered 235 Holdings Limited held a stake of 97.87% in 235 Holdings in June 2018 but has been actively divesting its interest in the Bulgarian company since then.

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)

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