Ust-Kamenogorsk Poultry Plant (Kazakhstan) intends to sign a big deal with KazAgroFinance to the amount of KZT2.3 bn

/KASE, October 23, 09/ - Ust-Kamenogorsk Poultry Plant (East Kazakhstan Region), the listed company of Kazakhstan Stock Exchange (KASE), informed KASE by the official letter that: quotation start Ust-Kamenogorsk Poultry Plant (hereinafter - the company) informs on the intent to sign in the fourth quarter of 2009 a big deal with KazAgroFinance, entering the National managing holding KazAgro on funding of an investment project on extension and modernization of poultry production. The total amount of the deal is KZT2,263,099,423.3. The investment project of Ust-Kamenogorsk Poultry Plant supposes the capacity increase of the company to 20,000 tons of meat a year. KazAgroFinance funds shall be allocated: - to procure equipment based on a leasing; - to construction and modernization of production premises based on a financial loan; - to refund existing loans of second-tier banks. The total amount of the project is KZT2,455,291,066.00, including the company own funds in the amount of KZT192,191,642.70. quotation end [2009-10-23]