/KASE, April 24, 2018/ – Altyn Bank (Subsidiary Bank of Halyk Savings Bank of Kazakhstan) (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has notified KASE as follows:

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Altyn Bank JSC is pleased to announce the successful completion of the deal to sell 60% of its share capital to foreign investors: China CITIC Bank Corporation Limited (hereinafter referred to as CITIC Bank) acquired 50.1% of the shares and China Shuangwei Investment Co., Ltd. (hereinafter - Shuangwei) - 9.9% of the shares previously owned by Halyk Bank of Kazakhstan JSC. At the same time, the Kazakhstan shareholder will continue to own 40% of Altyn Bank’s shares and reserves certain rights in accordance with the shareholder agreement signed between the parties. The transaction was closed after the parties have fulfilled a number of conditions precedent including obtaining of the necessary approvals from the Chinese and Kazakh regulatory authorities.

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More details are available on KASE website – see more

[2018-04-24]