The Malta Financial Services Authority allowed Global Capital’s shares and bonds to start trading yesterday for the first time since April.

The MFSA had suspended the listing and trading of the shares and bonds as soon as news broke that Global’s majority shareholder BAI Co. (Mtius) was allegedly embroiled in a banking scandal.

Since then, an Italian firm, EIP, has come forward interested in buying the 48.5 per cent shareholding.

However, the deadline for the agreement to be confirmed lapsed.

The MFSA said it had suspended the listing and trading until it could ascertain what impact BAI’s position would have on the operations of the company but that enough information had since been made available and trading could be resumed.