23 Iunie 2010
RNSC OKs Prefabs switch to BSE
Romanian National Securities Commission has approved the decision of construction material manufacturer Prefab Bucharest to switch the listing of its common stock from Rasdaq to Bucharest Stock Exchange.
The positive financial results in 2009 and in the first quarter 2010 have determined the majority shareholders of SC Prefab SA to consolidate their position in the Romanian stock market by listing them on Bucharest Stock Exchange. The producer is listed on Rasdaq since 1997, now having 28,533,419 outstanding shares.
Prefab management aims at improving market capitalization above the €240 million level recorded in 2007. As for investors currently holding Prefab shares, they will have the opportunity to trade on a regulated market that will offer short-term benefits and the acquisition of shares on medium and long term.
In an interview to Wall-Street, Marian Petre Milut, chairman of the board of Prefab said that the listing of the company at the Bucharest Stock Exchange will increase the visibility of the company and liquidity.
Prefab management aims at improving market capitalization above the €240 million level recorded in 2007. As for investors currently holding Prefab shares, they will have the opportunity to trade on a regulated market that will offer short-term benefits and the acquisition of shares on medium and long term.
In an interview to Wall-Street, Marian Petre Milut, chairman of the board of Prefab said that the listing of the company at the Bucharest Stock Exchange will increase the visibility of the company and liquidity.