First meeting of the Board of Directors of NC Kazakhstan temir zholy CJSC was held

/IRBIS, May 29, 02/ - NC Kazakhstan temir zholy CJSC (Astana, former republican state enterprise), bonds of which are traded at Kazakhstan stock exchange (KASE) in official list of KASE securities under category "A" distributed today a press release in which it is informed about a first meeting of the Board of Directors of the company held on May 27. The Board elected members of the Board, approved the company's structure, adopted a range of documents regulating the company's activity. The President, vice-presidents and the chair of the company's apparatus entered the Board composition. It is said in the press release also that a new structure of the national railroad transporter "corresponds to a principle of vertical integration of management and allows to optimize the supervision process of railroads activity of the republic". In particular, a range of former RSE branches and its structural divisions are being liquidated and on the basis of some of them new representative offices and new subsidiaries are being founded. There was no any concrete information in the press release. [2002-05-29]