Investors Snap Up Masterplast Shares
- 4 Jun 2015 9:00 AM
Masterplast’s main owners sold 400,000 shares in the building materials manufacturer and wholesaler at Ft 549 each at an auction on Wednesday. The price is 5.6% higher than the minimum price of Ft 520, and above Tuesday’s closing price of Ft 535. Concorde brokerage was the lead manger of the auction, which was three times oversubscribed.
With the sale, the owners of Masterplast wanted to increase the free float and thereby the trading volume on the stock exchange in order to have the shares promoted to the bourse’s premium category.
Source: Hungary Around the Clock
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