Almaty interregional economical court begins procedures on bankruptcy of Almaty distillery plant (Kazakhstan)

24.02.09 17:23
/KASE, February 24, 09/ - Almaty distillery plant (Almaty, hereafter - ALVZ), securities of which are listed on Kazakhstan Stock Exchange (KASE), provided KASE with a copy of ruling of the Specialized interregional economical court of Almaty dated February 16, 2009. In accordance with the ruling Almaty interregional economical court, having considered application of GTC LLP on acknowledgement of bankruptcy of ALVZ, ruled to accept the application into court procedure and initiate proceedings. A copy of the ruling is available at the KASE website at: http://www.kase.kz/files/mix/sud_alvz_160209.pdf Below are references to papers on related ALVZ solvency subject: - KASE news of February 2, 2009 "AFS suspends placement of bonds KZ2C0Y05C523 (ALVZb1) of Almaty distillery plant (Kazakhstan)" - http://www.kase.kz/news/show/1065734 - KASE news of January 9, 2009 "Almaty distillery plant (Kazakhstan) to repay debt on 3rd coupon on bonds KZ2C0Y05C523 (ALVZb1) before March 31, 2009" - http://www.kase.kz/news/show/1064046 - KASE news November 14, 2008 "Almaty distillery plant (Kazakhstan) informs on delay of payment of 3rd coupon on bonds KZ2C0Y05C523 (ALVZb1)" - http://www.kase.kz/news/show/1060400 At the time being six companies listed on KASE informed on insolvency to fully or partially comply with obligations on their bonds. The list of listing companies that defaulted on bonds is available at the KASE website at "Emitters" section ("default") at: http://www.kase.kz/ru/emitters KASE reminds that in accordance with its internal document "Rules on Exchange Information Dissemination" it incurs no responsibility for correctness of the general information spread thereby about KASE members and issuers admitted to circulation on KASE if such information is based on messages and documents received from such members and issuers in pursuance of their obligations before KASE. At generation of such information KASE does not check correctness of the messages and documents. The person, willing to disprove information in this message, must apply to KASE with a corresponding official letter. [2009-02-24]