/KASE, April 23, 08 / - Almatymetallopttorg LLP (Almaty) provided Kazakhstan
Stock Exchange (KASE) with a copy of the decision of Specialized Inter-district
Economic Court (SMES) of Almaty region of March 4, 2008.
According to this decision Almaty region SMES sustained in full claims of
Almatymetallopttorg LLP (Almaty) to Transstroimost JSC on collection of debt for
the delivered rolled metal products in the amount KZT20,209,024. This decision
was made effective March 26, 2008.
On request of the Exchange, Transstroimost JSC informed KASE by an official
letter of April 16, 2008 on payment on March 14, 2008 of a part of debt in the
amount KZT4,500,000 within the bounds of execution of the SMES decision
aforementioned.
"Due to the world financial crisis and suspension of bank crediting on
construction industry the customers started to incur a deficit of working capital,
and make payments for the services rendered and the works performed untimely;
thanks to the aforementioned, Transstroimost JSC have difficulties with working
capital, which resulted in the debt, scheduled for cancellation by the enterprise
nearest month", - the letter says.
Bonds KZ2CKY05B950 (trading code - TSSMb1) of Transstroimost JSC are
traded in the KASE official list of category "A".
A copy of the SMES decision is available at the KASE site at:
http://www.kase.kz/files/mix/isk_tssm_040308.pdf
[2008-04-23]