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Bulgaria's FSC asks Real Bulland to fix cap hike prospectus
13 02 2020Bulgaria's Financial Supervision Commission said that it has asked local real estate investment company Real Bulland [BUL:RBL] to provide additional information and documents regarding its request for approval of a capital increase prospectus.The regulator did not provide further details in its statement, published on Tuesday.This is the second time the regulator has asked the company to fix its prospectus, after it also did so in January.In June last year, Real Bulland's board of directors decided to seek to raise 2.5 million levs ($1.4 million/1.3 million euro) via the issuance of the same number of shares. The capital increase will be considered successful if at least 1 million shares are subscribed for and paid for, the company said at the time.Real Bulland's capital currently amounts to 5 million levs.