BRK Financial Group to act as Issuer Market Maker for Romcarbon to enhance the liquidity of the plastic processor shares
Romcarbon SA Buzau (ROCE) will benefit as of September 1st from the issuer’s market-making services provided by SSIF BRK Financial Group (BRK), one of the most active brokerage companies trading on the Bucharest Stock Exchange (BVB) and Issuer’s Market Maker (IMM) for other three BVB listed companies.
“We wish to have as many companies as possible to benefit from such programs that the capital market offers. We all want as higher market liquidity as possible, because liquidity and the number of investors are two vital components of any market. We were glad to hear that Romcarbon decided to access the Issuer’s Market Maker service, especially since it was one of the first companies listed on BVB, in 1997, and this proves that the management is focused not only on the company’s operational activity, but also on investors, because they have a very important role in the life of any listed company”, stated Radu Hanga, Chairman of the Board, Bucharest Stock Exchange.
”With over 65 years of experience in plastics processing and almost a decade in the treatment and recycling of plastic waste, Romcarbon S.A. is an important presence in the green industry in Romania, the company constantly investing in technologies that integrate and close the waste recycling circle. The company has been, in the recent years, through the change of the management team and the new management team, apart from improving company’s business, also set the target to improve the liquidity and reduce the volatility of ROCE share in order to create the value for the shareholders. The cooperation with SSIF BRK Financial Group SA (BRK) for the Market Making program is one of the important measures to reach this goal”, said Huang Liang Neng, Chairman of the Board and CEO, Romcarbon.
The Issuer’s Market Maker activity will be provided by BRK Financial Group based on a contract signed with Romcarbon, one of the major plastic packages producers (Polystyrene, Polypropylene, Polyethylene) in Romania and the most important Romanian producer of regenerated polymers and compounds.
Romcarbon was one of the first companies listed on BVB, in 1997, and its shares are included in the BetPlus index.