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BSE to transfer shares of AAA Auto, Linamar and Phylaxia to B-category

The Budapest Stock Exchange (BSE) will relegate the shares of motor-vehicle trading company AAA Auto, engineering and machinery company Linamar Hungary and veterinary-drug company Phylaxia 1912 Holding from the A-category to the B-category of exchange issuers on May 2, the BSE announced on Friday evening.

The BSE said that shares of AAA Auto, Linamar and Phylaxia would be demoted to the exchange's B-category after the companies failed to satisfy A-category trade-volume and capitalization requirements for the second-consecutive time in the course of the BSE's biannual review of issuer trading data.

The companies have 15 exchange days to appeal the decision.