Bumech trade to resume trading on WSE next week
22:43
WSE-listed mining machinery repair firm Bumech will have its trading on the Warsaw Stock Exchange resumed on April 18, WSE said in a statement.
The trading was suspended back in March, after financial market regulator KNF started an inquiry into alleged transaction in which China Coal Energy Company was reported to increase its stake in Bumech to nearly 10 percent. After the investigation, KNF said that no such transaction occurred and the documents were forged. Regulator was also able to identify two investors who bought Bumech stake before the information regarding China Coal alleged acquisition was announced, and sold the shares after such information was released to the public, driving the stock price up.
