Chimpharm (Kazakhstan) says it is capable of paying both interest and principal on own bonds
/KASE, January 18, 13/ - JSC "Chimpharm" (Shymkent, hereinafter - the Company), whose securities are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following:
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The company is aware that there are rumors on the market that Kazakhstan's government considers the possibility of making changes to the rules governing state procurement under long-term agreements on medicines supply. In case of making of changes to the rules, and if such changes have retroaction that may affect the existing long-term agreement on medicines supply made between LLP "SK - Pharmatsyja" and the Company. However, in the Company's opinion that will not affect its capability of paying coupon interest and principal on bonds.
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[2013-01-18]