/KASE, July 24, 08/ - Bank CenterCredit JSC (Almaty), the listed company of
Kazakhstan Stock Exchange (KASE), provided to KASE the copy of
Resolution # 109 of the Agency of the Republic of Kazakhstan on Regulation and
Supervision of Financial Market and Financial Organizations (AFS) of July 18,
2008 (Resolution).
According to the Resolution Kookmin Bank (Republic of Korea) was assigned the
Bank CenterCredit JSC banking holding status and the status of the large
participant of Accumulative Pension Fund Capital - Subsidiary of Bank
CenterCredit JSC.
Resolution will be put into effect from the day of its signing.
We remind that on March 17, 2008, Bank CenterCredit JSC announced on
acquisition of 30 % stake in its capital by South Korea Kookmin Bank with
further perspective of increase of its participation up to 50.1% or over.
According to the bank's information the initial investment will make up about
KZT76 m. through combined purchasing of shares in existing shareholders and the
issue of new shares to support further bank growth. In addition, it was assumed
that after the initial acquisition, Kookmin Bank will increase its stake up to
the control level (50.1% or over), or through purchasing additional shares,
further investments (new issues), or through other combinations of such options.
The copy of Resolution is available on the KASE website at
http://www.kase.kz/mix/ccbn_afn_109.pdf
[2008-07-24]