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Budapest bourse suspends trading in shares of FHB for 3 days

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By Zulqarnain Ali
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imageBUDAPEST: Trading in shares of Hungarian mortgage bank FHB has been suspended at the request of the bank which expects to make decisions that could substantially influence the price of its shares, the Budapest Stock Exchange said on Monday.

The bourse said in a statement that trading in shares of FHB would be suspended until the end of session on Dec. 30.

If the bank publishes the relevant information earlier, the bourse said that FHB shares could resume trading.

FHB holds an extraordinary general meeting on Monday, where it is expected to decide about a capital hike, according to the shareholder meting agenda posted on the bank's web site.

Copyright Reuters, 2015

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