Trade in shares of four companies suspended
The National Bank of Hungary (MNB) ordered the suspension of trade in shares of four Hungarian companies on charges of violation of mandatory disclosure rules, the central bank announced today, according to reports.
The four companies involved in the suspension are KEG, ENEFI, TR Investment and Első Hazai Energia-portfolio (EHEP). According to the central bank, these companies failed to publish their 2015 consolidated financial results and did not meet regulatory requirements, Hungarian news agency MTI reported.
Hungarian nutrition company Norbi Update, of which shares were earlier suspended, and the four companies received an accumulated fine of HUF 27 million, on charges of violating disclosure rules related to the 2014 financial year, the central bank said. KEG, ENEFI and TR Investment have each been fined HUF 6 mln, Norbi Update HUF 5 mln and EHEP HUF 4 mln, MTI reported.
The central bank stressed that the suspensions will remain in place until the companies fulfill their mandatory disclosure commitments.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.