Bulgaria s FSC asks Phoenix Capital Holding to fix cap hike prospectus Financial Supervision Commission/All rights reserved.
SOFIA (Bulgaria), January 8 (SeeNews) - Bulgaria s Financial Supervision Commission said that it has asked local diversified group Phoenix Capital Holding [BUL:0PH] to provide additional documents and information regarding its request for approval of a capital increase prospectus.
The regulator did not provide further details in its statement, published on Thursday.
In December, Phoenix Capital Holding said that it will seek to raise up to 9.9 million levs ($6.2 million/5.1 million euro) via a capital increase. The company will offer for subscription 1,000 new shares at a price of 9,900 levs apiece.
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Bulgaria s Phoenix Capital Holding to seek 5.1 mln euro in cap hike wrangler/Shutterstock.com
SOFIA (Bulgaria), December 17 (SeeNews) - Bulgarian investment company Phoenix Capital Holding [BUL:0PH] said that it will seek to raise up to 9.9 million levs ($6.2 million/5.1 million euro) via a capital increase.
Phoenix Capital Holding will offer 1,000 new shares at a price of 9,900 levs apiece, the company said in a statement on Tuesday.
Phoenix Capital Holding currently has a registered capital of 100,000 levs divided into 1,000 shares. If the issue is fully subscribed, the company will double its registered capital.
The company tried to increase its capital on several occasions this year, but failed to obtain approval from the financial regulator for the procedure.