December 5 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has asked local Belovo Paper Mill [BUL:58B] to provide additional information and documents regarding its intention to delist from the register of public companies.
The financial regulator did not provide further details in its statement, published on Tuesday.
Last month, Belovo Paper Mill's shareholders approved the management's plan to delist the company from the Bulgarian Stock Exchange.
In October, Luxembourg-based Pabolux acquired 31,571 shares in a buyout bid adding 0.55% to its 92.39% direct and indirect control of Belovo Paper Mill.
Belovo Paper Mill shares last traded on the Bulgarian Stock Exchange at a price of 2 levs apiece, which translates to a market capitalisation of 11.5 million levs ($6.7 million/5.9 million euro).
(1 euro = 1.95583 levs)