/KASE, April 24, 2018/ – Halyk Savings Bank of Kazakhstan (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
informed KASE as follows:
quote
On 24 April 2018 JSC Halyk Bank (“Halyk Bank”) completed transaction on sale of
60% of the share capital in JSC Altyn Bank (“Altyn Bank”): 50.1% to China CITIC
Bank Corporation Limited (“CITIC Bank”) and 9.9% to China Shuangwei Investment
Co., Ltd. (“Shuangwei”). Transaction was completed following satisfaction by
the parties of certain conditions precedent, including obtaining necessary
approvals from Chinese and Kazakh regulatory authorities. Halyk Bank considers
this transaction as value accretive. Halyk Bank remains a 40% shareholder of
Altyn Bank and has certain rights under a shareholders’ agreement signed between
the parties.
unquote
More details are available on KASE website:
-
http://kase.kz/files/emitters/HSBK/hsbk_reliz_240418_2.pdf – in Russian;
-
http://kase.kz/files/emitters/HSBK/hsbk_reliz_240418_eng_2.pdf – in English.
[2018-04-24]