MNB orders suspension of trade in KEG shares

Competition

The National Bank of Hungary (MNB) today ordered a provisional suspension of trade in shares of gas storage company KEG, the central bank said in a statement today, according to Hungarian news agency MTI.

MNB suspended trading because the company allegedly failed to publish information about the reason behind the resignation of its auditor, according to MTI.

MNB also charged the company with being late in publishing information about the fact of the auditorʼs resignation, the news agency added.

MNB has ordered the company to publish all necessary information within one working day. The suspension of trading in shares will remain in effect until KEG complies with this instruction, MNB said.

The central bank has already fined KEG HUF 10 mln in February on charges of repeatedly failing to comply with its regular and extraordinary reporting obligations.

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