Shares of three companies of Kyrgyzstan will be introduced in near future on KASE

/IRBIS, Nov.04, 99/ - On November 09 the Council of the Kazakhstan Stock Exchange (KASE) will consider the introduction of shares of three Kyrgyzstan companies in the sector "Non-listing Securities" under the second level of admission (minimum disclosing of the emitter information). They are: - JSC "Kyrgyzenergo" (second listing category of Kyrgyzstan Stock Exchange (KSE); activity: production, transfer, distribution, purchase and sale of heat and power, maintenance of reliability and safety of power objects operation, dispatching management over the national electric system and other networks and stations included in the company; authorized capital - 7,470,107,700 Kyrgyzstan soms); - JSC "Kyrgyztelecom" (second listing category of KSE; electrical communication services, including long-distance telephony; authorized capital - 620,008,600 Kyrgyzstan soms); - JSC "Kantsky Cementno-Shiferny Combine" (non-listing board of KSE; production of cement, roofing slate, asbestos-cement pipes; authorized capital 82,795,000 soms). At the today's press-conference the chairman of the National Securities Commission of Kazakhstan (NSC) Azamat Dzholdasbekov has told: "Decision about admission of the shares of three large Kirghiz joint-stock companies to the circulation in the Kazakhstan stock market is accepted". Azamat Dzholdasbekov has declared also, that the arrangement with the National Bank of Kazakhstan about the simplified system of capital export licensing was achieved, and this system will be applied to these Kirghiz emitters. The introduction of the Kirghiz companies shares on the Kazakhstan organized market was preceded by the series of negotiations between the respective departments and companies of two republics. During a half year KASE and KSE exchange information concerning the stock market. KASE has today the information not only about the current quotations on KSE, but also about the emitters, which shares are introduced on the KASE's trade platform. In opinion of the president KASE Damir Karasaev, at the first stage the greatest interest for the Kazakhstan market participants will be represented by securities of JSC "Kyrgyztelecom".