Independent journal on economy and transport policy
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Louis protests for its transfer from Main the Market to the Special Category Market of the Cyprus Stock Exchange
the decision - it has emphasized the crocieristico and hotel group - unwarrantable and is based on a wrong task
June 12, 2013
The board of directors of the Cyprus Stock Exchange (CSE), after to have sifted the annual budgets for exercise 2012 of the societies quoted to the Stock exchange of Cyprus, has decided the transfer of the shares of a series of society from a market to another between those managed from CSE to cause - it has explained the Board of Directors - of the uncertainty about the possibility of the societies to satisfy the principle of business continuity. Between this figure the Cypriot group Louis, than work mainly in the hotel field with the Louis Hotels branch and in the crocieristico field with the Louis Cruises branch.
The Louis group, of which the transfer from Main the Market to the Special Category is arranged Market of the Cyprus Stock Exchange, has reacted manifesting "great surprise" for the decision of the Council of CSE and has expressed the own "disappointment for the decision unwarrantable and based on a wrong task that hits its reputation and its name".
Louis has emphasized that "the relationship of the society of review KPMG relative Ltd to the budget of the exercise conclusosi on December 31, 2012 does not include some reserve, that is a reason for which - according to the board of directors of CSE - the decision is assumed" and has specified to have "raised newly the issue with the board of directors of CSE asking the restoration for own reputation through a new announcement of CSE and the revocation or the cancellation of the initial decision to transfer the titles to the Special Category Market".
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The board of directors of the Cyprus Stock Exchange (CSE), after to have sifted the annual budgets for exercise 2012 of the societies quoted to the Stock exchange of Cyprus, has decided the transfer of the shares of a series of society from a market to another between those managed from CSE to cause - it has explained the Board of Directors - of the uncertainty about the possibility of the societies to satisfy the principle of business continuity. Between this figure the Cypriot group Louis, than work mainly in the hotel field with the Louis Hotels branch and in the crocieristico field with the Louis Cruises branch.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
