Bayan-Sulu OJSC (Kazakhstan) has joined to itself Kedr-Kost CJSC

/KASE, November 12, 02/ - Bayan-Sulu OJSC (Kostanai), which's shares are circulating under stock exchange's official "В" listing category, presented KASE a copy of minutes of the prescheduled general shareholders meeting, which had been held on August 14 of 2002, and also a copy of agreement about joining of juridical entities and transmission act. In accordance with admitted agenda shareholders of Bayan-Sulu OJSC made the decision about reorganization of Bayan-Sulu OJSC by means of joining to it Kedr- Kost CJSC (Kostanai). The decision about joining of Kedr-Kost CJSC, which's activity is alike with the company's one, was made in order to develop business. According to the documents, which were presented to the stock exchange, the joining is made by means of including of the property of Kedr-Kost CJSC (book value of the property equals to KZT77.1 m) to property of Bayan-Sulu OJSC. At this Kedr-Kost CJSC stops its activity, and Bayan-Sulu OJSC becomes the full assignee of its rights and obligations. The company's primary activities - production and sale of confectionery. [2002-11-12]