New Shares Introduced at the Budapest Stock Exchange

The ordinary shares of the real estate investment company SunDell Estate Plc. were listed in the standard category of the Budapest Stock Exchange (BSE) for the first time on Monday.

According to a BSE announcement, one million SunDell ordinary shares (SUND) with a nominal value of HUF 100 each have been introduced into the standard category, which now has 16 issuers.
Due to the coronavirus epidemic, the solemn ringing event related to the introduction could be followed in digital form on the BSE Facebook page, as in the past.
SunDell Estate's activities range from the sale, lease and operation of its own properties to the organization of building projects, property management and construction operations to asset management. After its foundation in 2018, the company achieved sales revenue of HUF 7.67 billion and profit after tax of HUF 1.99 billion in 2019. The company has been considered a regulated real estate investment pre-company since January 2019, so the primary goal of this year is to complete this process, ie to become a regulated real estate investment company (SIT) for SunDell Estate, the BSE announced.