SOFIA (Bulgaria), September 27 (SeeNews) - The Bulgarian Stock Exchange (BSE) terminated the listing of the shares of electric tool manufacturer Sparky AD - Rousse [BUL:SPRK] on the equities segment of the BaSE alternative market as of September 27, the bourse said.
The delisting is in line with a September 23 decision by the Financial Supervision Commission to enforce a compulsory administrative measure against BSE, the Sofia bourse operator said in a notice on Friday.
The regional court in Rousse opened insolvency proceedings against Sparky AD - Rousse in June on request by Balkan Steel Engineering Ltd. due to an outstanding debt of over 316,000 levs ($189,000/161,000 euro). The starting date of Sparky's insolvency is March 5, 2021, the court ruled.
Sparky AD - Rousse ceased activity more than an year ago. Its production site was bought by the Sparky Rousse 2000 company earlier this year.
(1 euro = 1.95583 levs)