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16.05.2006 21:33

The only shareholder of AZIA SAKHAR JSC (Kazakhstan) confirmed decision of Board of Directors about increasing amount of credit line of Kazkommertsbank JSC

/KASE, May 16, 06/ - AZIA SAKHAR JSC (Almaty, the company), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, has presented to KASE a copy of the decision of its only shareholder - Zangar Invest Group JSC (Almaty) dated April 28 of 2006.

According to the document, the company's only shareholder has taken the following decisions.

  • confirm the decision of the company's Board of directors about concluding a big deal with Kazkommertsbank JSC, including:

- additional agreement to agreement about opening the credit line dated December 19, 2002 #307, concerning the increase of limit amount of the credit line to 50.0 m. of US dollars;

- additional agreement to all acting contracts of pledges of property, made in connection with change of limit amount of mentioned credit line.

Company's primary activities - production and sale of sugar.

[2006-05-16]