January 4 (SeeNews) - The Bulgarian Stock Exchange (BSE) said on Thursday that it decided to place under surveillance for nine months the stock of several issuers, including plastic and rubber products manufacturer Formoplast [BUL:FORM], hardboard manufacturer Fazerles [BUL:FZLS] and diversified group Severcoop Gamza Holding [BUL:GAMZ], for failure to meet its listing requirements.
The measure also relates to hotel operator Sv. Sv. Konstantin i Elena Holding [BUL:SKEH], Oil and Gas Exploration and Production [BUL:NGAZ], Bulgarian River Shipping company [BUL:BRP] and Exclusive Property REIT [BUL:EXPR], the bourse said in separate statements.
All the companies placed under watch failed to have a monthly average of more than five transactions in their shares in the past six months. Furthermore, Fazerles, Severcoop Gamza, Oil and Gas Exploration and Production and Bulgarian River Shipping did not meet the requirement for a turnover of more than 4,000 levs ($2,233/2,045 euro) over the same period.
A review of compliance will be made every three months. If it finds that the companies meet the listing rules, the supervision will be terminated.
(1 euro = 1.95583 levs)