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Participants of Concern Tsesna-Astyk LLP (Kazakhstan) accepted the decision about opening of credit line for amount of KZT2.0 bn.
/IRBIS, Natalya Vagina, February 27, 08/ - Concern Tsesna-Astyk LLP (Astana, hereinafter - the company), being the listing company of Kazakhstan stock exchange (KASE) , provided KASE with the copy of protocol of prescheduled general meeting of its participants dated February 4, 2008.
According to the provided document partitions of company accepted the next documents:
- to given agreement of company for opening of credit line in KazAgroFinance JSC (Astana) for amount of KZT2.0 bn. for 7 years' term with interest rate at 11% with aim of replenishment of turnover assets for purchasing of grain;
- to provide KazAgroFinance JSC with pledge property in security of company's liabilities' execution;
- to provide KazAgroFinance JSC with right for extrajudicial realization of pledge property in case of non-execution or improper execution of company's liabilities to KazAgroFinance JSC by credit agreement;
- to provide authorities to Chairman of board of company for signing of pledge agreement.
Copy of protocol is available on KASE's web site at see more
[2008-02-27]