Trades in FuturAqua shares suspended
pixabay
The National Bank of Hungary ordered the suspension of trade in shares of FuturAqua on charges of violation of mandatory disclosure rules, the central bank announced today according to reports.
According to a probe by Hungary’s National Economy Ministry of FuturAqua’s former auditor, the report by the auditor on the company’s consolidated profit and loss statement and balance sheet failed to meet regulatory requirements, Hungarian news agency MTI reported, citing the announcement by the central bank.
The central bank will revoke the suspension when the company fulfills its mandatory disclosure commitments, the central bank said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.