Participants of Concern Tsesna-Astyk LLP (Kazakhstan) accepted the decision about opening of credit line for amount of KZT2.0 bn.

27.02.08 20:25
/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 http://www.kase.kz/emitters/scan/tsas/tsas_resh_040208.pdf [2008-02-27]