Capital market commission suspends trading in Folli Follie’s shares

The Greek Capital Market Commission on Friday suspended trading in the shares of Folli Follie following a request by the company’s management.

In an announcement, Folli Follie said that, following a continuous and coordinated dissemination of misleading information, which has unjustifiably created an intensely negative environment, it has requested in writing that the Hellenic Capital Market Commission proceed with all necessary actions to place its shares, which are traded on the Athens Stock Exchange, under suspension until the completion of an audit of the company’s financial statements by the independent auditing company ?Ernst & Young?, to which the company is providing all the required information.

Folli Follie’s shares closed at 4.80 euros on Thursday, down 24.88 pct. Its share has lost 68.71 pct, from 15.34 euros, where it stood before the US fund Quintessential Capital Management released a report focusing on FF Group’s financial performance.

Source ANA-MPA
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