CySEC suspends Louis from CSE trading

The Cyprus Securities and Exchange Commission said that it decided to suspend the trading of the share hotel and cruise ship operator Louis Plc at the Cyprus Stock Exchange citing the company’s failure to provide key information to investors.

“CySEC came to the decision because the company does not seem to have complied with its obligation to publish its annual financial report for the year that ended on December 31, 2015 as well as its six-month financial report for the period that ended on June 30, 2016,” the financial market supervisor said in a statement on its website on Monday.

CySEC added that it asked the exchange to maintain suspension in place until Louis complies “the latest by March 31, 2017”.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.