Greek bourse suspends trading in Folli shares (updated)

Folli Follie SA

25/05/2018 09:55

(Adds details)
    ATHENS, May 25 (Reuters) - Shares in Greek jewellery maker
Folli Follie  HDFr.AT  were temporarily suspended on Friday at
the company's request.
    Folli's shares have suffered heavy losses on the Athens
stock exchange over the past month after an equity fund report
raised concerns over its finances and cast doubt over the number
of points of sale the company says it operates. 
    The luxury goods maker has lost about 70 percent of its
market value in the last 30 days, prompting the securities
watchdog to ask Folli to have its 2017 consolidated financial
statements scrutinised by an independent auditing firm.
 urn:newsml:reuters.com:*:nL8N1SE1AU
    Folli said on Friday that it asked the regulator to suspend 
trading in the shares until the audit is completed, citing
negative effects from what it said was a "coordinated
dissemination of misleading information".
    A Greek website reported on Friday that domestic banks had
asked Folli to provide additional guarantees on loans extended
to the company.

 (Reporting by Angeliki Koutantou
Editing by David Goodman)
 ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))