/INTERFAX-KAZAKHSTAN, Almaty, June 6, 07/ - Kazakhstan investment company Seven Rivers Capital JSC had attracted to the capital the large financial company of South Korea Hanwha Securities.

The shares' agreement of sides was signed on Wednesday in Almaty.

On the press-conference after official ceremony of document signing the chairman of board of Seven Rivers Capital JSC Arkadiy Rakhilkin informed that in the company to new shareholder will belong 50%, the rest 50% will remain in ownership of physical entity Yuriy Tskhay.

"Joint cooperation with south Korean partner will let us to lead business according to highest international standards. We had started the realization of number of projects", - A.Rakhilkin noted.

So, by his information, one of joint projects becomes the creation in South Korea of "Fund of funds" for investing to Kazakhstan stock market. As the shareholders of the given fund are acting large south-Korean institutional investors, and in perspective also the private investors.

In this connection, he informed, in the frames of company Seven Rivers Capital is to create in Kazakhstan several funds, including fund of direct investing.

"We are planning to create 4 funds in Kazakhstan. First fund will be oriented on investors, which do not want to risk. We'll offer them the instruments with fixed yield, in particular Kazakhstan state securities and deposits. Second fund - are shares and bonds, third fund is - real estate, fourth - fund of direct investments", - A.Rakhilkin told.

According to his forecasts, realization of the pointed joint project will let till the end of current year to borrow $100 m. south-Korean investments to stock market of Kazakhstan and Kazakhstan private projects.

Chairman of board and shareholder of Seven Rivers Capital JSC, Y. Tskhay, participated in the press-conference had noted that appearing if new south- Korean investors will positively influence on development of Kazakhstan financial market.

"Till today the most stake of investments to Kazakhstan was borrowed from countries of European union and USA. Currently, dynamically developing market of Kazakhstan had become attractive for many financial institutions of Asia. Large banks and investment companies of South Korea are considering Kazakhstan as perspective country for investments and are seeking for ways of exiting on Kazakhstan market", - he had noted.

By his turn, the executive director of company Hanwha Securities Jin Soo- Hyung had noted that Seven Rivers Capital JSC "will play the main role in world widening of company's business".

"We step by step will provide Korean investors with diversified investment instrument in order to invest mainly into projects of immovable, natural resources and development of infrastructure", - he told.

Seven Rivers Capital JSC was founded in November of year 2006.

Hanwha Securities is one of the leading financial companies in South Korea with market capitalization $480 m. The given company enters the financial group HANWHA, assets of which total $50 bn.

[2007-06-07]