Moldova's National Commission for Financial Markets adopted a set of consumer protection and capital market authorisation decisions, including approval of a voluntary takeover offer prospectus, registration of two additional share issues and steps toward an administrative sanctioning procedure against OCN „Cash & Go” SRL. The prospectus approved covers a voluntary takeover offer initiated by Natalia Spotîcailo to purchase 284 ordinary registered shares in FABRICA DE GALANTERIE A INVALIZILOR ŞI PENSIONARILOR „FAURARUL” SA (Chişinău) at MDL 1,028.51 per share, with an offer period of 15 days from initiation. In the securities issuers register, the regulator recorded the results of an additional share issue by „BAZA DE TRANSPORT AUTO NR. 26” SA (Cantemir) of MDL 236,360 through 5,909 ordinary registered shares paid in cash, bringing share capital to MDL 600,000 divided into 15,000 class I ordinary registered shares with a nominal value of MDL 40 each. It also registered an additional share issue by „PANIFIC” SA (Chişinău) of MDL 150,000 through 150,000 ordinary registered shares funded from own capital, bringing share capital to MDL 600,104 divided into 600,104 ordinary registered shares with a nominal value of MDL 1 each. On supervision, the Board rejected a consumer’s preliminary claim challenging a CNPF letter of 04.08.2025 and alleged breaches by Cash & Go linked to a credit agreement, citing insufficient evidence to allow the case to be examined. During the review, the authority repeatedly requested information from the creditor and a debt collection firm without receiving the necessary data, and it will initiate an administrative sanctioning procedure against Cash & Go under applicable legislation.
National Commission for Financial Markets 2025-12-10
Moldova's National Commission for Financial Markets approves FAURARUL takeover offer prospectus, registers two share issues and prepares sanctions case against Cash & Go
Moldova's National Commission for Financial Markets approved a voluntary takeover offer prospectus and registered two additional share issues, enhancing consumer protection and capital market authorization. The regulator also plans to initiate an administrative sanctioning procedure against OCN „Cash & Go” SRL due to insufficient evidence in a consumer claim and lack of cooperation from the creditor and a debt collection firm.