Bulgarian Regulator Asks Asenova Krepost for Info on Cap Hike Prospectus
Bulgaria's financial regulator said that it has asked local polymer packaging producer Asenova Krepost to provide additional information and documents regarding its request for approval of a capital increase prospectus. The Financial Supervision Commission did not provide further details in its statement, published on Thursday. Earlier this month, Asenova Krepost said that it will seek to raise 18.9 million levs ($11 million/9.7 million euro) in a capital increase via a new share issue. Asenova Krepost is planning to offer 1.75 million shares with a nominal value of 3 levs each at a price of 10.8 levs apiece, the company said in a statement. Asenova Krepost shares last traded on the Bulgarian Stock Exchange at a price of 11.0 levs. If all offered shares are subscribed for, the company will increase its capital to 12.9 million levs from 7.6 million levs.