Shareholders of Tengri Bank, AsiaCredit Bank and Capital Bank Kazakhstan approve reorganization in form of merger of AsiaCredit Bank and Capital Bank Kazakhstan with Tengri Bank

04.06.19 17:01
/KASE, June 4, 2019/ – Tengri Bank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote On May 31, 2019 at a joint meeting of shareholders of Tengri Bank, AsiaCredit Bank and Capital Bank Kazakhstan, the reorganization of the three financial institutions in form of a merger of AsiaCredit Bank and Capital Bank Kazakhstan with Tengri Bank was approved. Coefficients of shares swapping and stakes of the three banks in the united bank are supposed to be approved at the beginning of July 2019 based on results of opinion of international financial consultants following assessment of the three banks' net assets. unquote This information is available on – http://kase.kz/files/emitters/DNBN/dnbn_reliz_040619_1.pdf [2019-06-04]