Insiders, short-sellers warned, Linette overseas
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