The Bulgarian Stock Exchange (BSE) said it decided to place under surveillance for nine months the stock of car battery manufacturer Elhim Iskra, building materials and fuel retailer Toplivo and diversified group Synthetica for failure to meet its listing requirements.
Elhim Iskra did not meet the requirement for an average monthly turnover of more than 4,000 levs ($2,128/2,045 euro) on the Sofia bourse over the past six months, while Toplivo failed to meet the minimum monthly average of five transactions in its shares during the same period, the bourse said in separate statements on Thursday.
At the same time, Synthetica did not disclose regulated information to the public within the set timeframe through a news agency or other media outlet over the past half year.
The BSE will conduct a compliance review every three months. If it finds that the companies meet the listing criteria, the supervision will be lifted.
(SeeNews, January 24, 2025)
