The MNB also instructed Duna House to supplement its listing prospectus.
Duna House and owner Medasev Holding requested the suspension of the IPO due to a bill submitted to lawmakers by the government that could affect rules on brokering credit.
Brokering financial products is a “significant pillar” of Duna Houseʼs operations and changes to the regulations governing such activities “could influence the companyʼs performance in the business segment”, Duna House said.
The bill, submitted to Parliament by the economy minister late Tuesday, would cap mortgage brokersʼ commissions at 2%.
Duna House launched the IPO on Monday and had planned to offer up to 1 mln of its 3.06 mln shares at a maximum price of HUF 4,250. The IPO was set to run until November 20.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.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.
