/IRBIS, Natalya Vaguina, August 28, 08/ - ASTEL JSC (Almaty, further -
the company), shares of which are included in Kazakhstan Stock
Exchange's (KASE) category "B" official list, had provided KASE with the
copy of protocol of prescheduled general meeting of its shareholders dated
August 21, 2008.
According to the provided document shareholders of the company accepted
the next decisions:
- to confirm decision of Board of directors dated July 14, 2008 about
borrowing credit assets in SB HSBC Bank Kazakhstan JSC (Almaty) for
the amount of $3 900 000.00 for purchasing equipment and offices,
completing turnover capital, conduction of investment activity and
currency transactions;
- to confirm decision of Board of directors dated July 14, 2008 about
enclosing huge deals with SB HSBC Bank Kazakhstan JSC:
- agreement on credit line in amount of $3 900 000.00 for 36 months
term;
- contract of pledge of movable and immovable property and money
pledge on bank's accounts in providing proper execution of
company's liabilities on above-mentioned agreements;
- to publish in Kazakhstanskaya Pravda notification on enclosing above-
mentioned huge deals during 5 days after decision of company's Board
of directors on enclosing deals with the purpose to inform creditors and
shareholders;
- to publish in Kazakhstanskaya Pravda notification to creditors on
enclosing above-mentioned huge deals during 5 working days after
approving the decision of Board of directors by shareholders` meeting.
Original copy of protocol is available on the web site of KASE at
http://www.kase.kz/emitters/scan/astl/astl_resh_210808_01.pdf
[2008-08-28]