Batys tranzit (Kazakhstan) says decision of Almaty Special inter-district economic court on applying accelerated rehabilitation procedure to company came into effect

/KASE, April 19, 13/ – JSC "Batys tranzit" (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of April 12, 2013: quote JSC "Batys tranzit" (hereinafter – the Company) informs interested persons that for purposes of improving the quality of liabilities towards holders of the Company bonds and Eurasian Development Bank the company completes implementation of the second stage of the "Post-crisis recovery program" (rehabilitation of competitive enterprises) approved by Resolution No. 225 of the government of the Republic of Kazakhstan dated March 4, 2011 (hereinafter – the Program). And reminds that under the Program on March 15, 2013 Almaty Special inter-district economic court took a positive decision to apply the accelerated rehabilitation procedure which came into effect on April 4, 2013. Further the Company intends to provide this decision to the Working body of the Rehabilitation Council (Ministry of Finance of the Republic of Kazakhstan) for signing of a four-party subsidization agreement. unquote [2013-04-19]