HTI Valori Mobiliare (HTI Securities), one of the best known brokerage firms
in Romania, will be subject to an asymmetric split if the shareholders
approve this motion during the assembly called for June 26th. If the motion
carries, the Board will be mandated to draft the split-related documents and
take the appropriate measures to fulfill all procedures.
HTI Securities holds a consolidated position on the Romanian capital market
and owns the largest stake in the share capital of the Bucharest Stock
Exchange (1.8 percent). Also, the firm consolidated its grip on the Sibiu
Monetary and Commodities Exchange to (16 percent) following the increase in
the Exchange's capital last year. Later on, HTI Securities ceded
approximately 8 percent in the Sibiu Monetary and Commodities Exchange to
two Ltds.
HTI Securities was established in 1997 and is a founding member of the
Bucharest Stock Exchange. The initial name of the firm was EFINVEST. In late
2001, EFINVEST had no ongoing operations and was acquired by HTI Financial,
a leading brokerage firm on the derivatives section of the Sibiu Monetary
and Commodities Exchange at that time. Following the capital injection made
by the new majority shareholder, the company resumed brokerage activities on
BVB and RASDAQ. In 2005, HTI Securities ranked 16th among Romanian brokers
ranked by the aggregate value of brokered transactions and secured a 2.5
market share.
source
Do you have anything to say? Fill in the below
