Two shareholders of Bosnian drug maker Bosnalijek seek supervisory board overhaul

Local diversified group AS Holding and drug maker Hercegovinalijek have proposed to replace all of the members of the supervisory board and the audit committee at the shareholders meeting scheduled for February 5, Bosnalijek said in a bourse filing on Tuesday.

AS Holding held a 15.56% stake in Bosnalijek as of January 21, data of the Sarajevo Stock Exchange (SASE) showed. Hercegovinalijek's shareholding interest is not displayed on the bourse's website.

Local media reported in December that police have arrested Bosnalijek's general manager Nedim Uzunovic along with other people suspected of illegal trading in the company's shares. Adnan Hadzic has been acting as interim general manager since then.

Bosnalijek's shares have not traded on the SASE in the past year.