MNB orders suspension of trade in KEG shares
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.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
.jpg)
