AsiaCredit Bank (Kazakhstan) announces concluding of non-arm's length deal
31.07.13 11:20
/KASE, July 31, 13/ – JSC "AsiaCredit Bank" (Almaty), whose bonds are officially
listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed
KASE of having concluded a non-arm's length deal:
quote
1) date when the joint-stock company's body took a decision to conclude the
deal – July 26, 2013;
2) value of underlying asset – KZT14,564,046 (fourteen million five hundred
sixty four thousand forty six);
3) date of the most recent valuation of the underlying asset – not applicable;
4) percentage ratio of the value of underlying asset to the value of the
joint-stock company's total assets – 0.017%;
5) main substantial terms of the deal – provision of mortgage loan;
6) deal conclusion date – as July 30, 2013 the deal was not executed yet.
unquote
[2013-07-31]