In­sid­ers, short-sellers warned, Linette over­seas

Financial Mirror (Cyprus) - - FRONT PAGE -

The KEVE-op­er­ated stock mar­ket has warned in­sid­ers and short-sellers that it will im­pose hefty fines to clamp down on those who vi­o­late trad­ing rules, while nappy-maker Linette is about to ex­pand into the east­ern Euro­pean mar­ket, ac­cord­ing to the Fi­nan­cial Mir­ror is­sue 149, on July 14, 1996.

In­vestors and traders who think they can get away by short-sell­ing shares or trad­ing on in­sider in­for­ma­tion un­til the new of­fi­cial stock ex­change is op­er­a­tion, are in for a big sur­prise, said


KEVE Cham­ber Pres­i­dent Phanos Epiphanou, who said that the in­tent is to bring the OTC mar­ket vi­o­la­tors and ma­nip­u­la­tors out into the open.

The “Nan­nys” nappy maker Linette, plans to build a man­u­fac­tur­ing plant “some­where in east­ern Europe”, in ad­di­tion to the ex­ist­ing fa­cil­i­ties in Cyprus and Greece, in or­der to meet the grow­ing needs of the rapidly ex­pand­ing Balkan, CIS and Rus­sian mar­kets. The 10-year old com­pany al­ready en­joys CYP 5 mln in an­nual sales and al;so plans to di­ver­sify from the



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