Real estate developers push for stock listing

  • 1998-07-23
TALLINN (BNS) - The listing commission of the Tallinn stock exchange was scheduled to discuss on July 21 an application by the real estate developers Pro Kapital for listing of the company's shares on the stock exchange.
Head of the commission Rain Semper told BNS that Pro Kapital had sought quotation of its shares on the supplementary list.
Pro Kapital carried out a 40 million kroon ($2.9 million) share issue recently in which shares were mainly subscribed to by small investors.
Pro Kapital's core investors are Italian businessmen Ernesto Preatoni and Davide Bizzi. The company has 220 shareholders.
Semper said the listing commission would also discuss listing of the share issues carried out under bank mergers, and an application by the confectionery maker Kalev for quotation of its shares in the supplementary list.