/KASE, December 4, 2019/ – AK Altynalmas (Almaty), whose shares are officially
listed on the Kazakhstan Stock Exchange (KASE), has provided KASE with the press
release dated December 4, 2019, which states as follows:
quote
AK Altynalmas acquired controlling interest in KAZAKHALTYN Mining-Metallurgical
Concern of 54.24 %.
The acquisition of a controlling interest in KAZAKHALTYN Mining-Metallurgical
Concern is a part of AK Altynalmas's business strategy, which is based on
expanding its asset base through acquisitions and organic growth.
KAZAKHALTYN Mining-Metallurgical Concern is a promising enterprise, whose
production needs to be modernized. AK Altynalmas, having experience in the
construction and operation of modern enterprises, intends to bring this expertise
to the development of KAZAKHALTYN Mining-Metallurgical Concern, thus creating
safer working conditions for its employees and to bring the company to a higher
level of productivity while maintaining the principles of environmental care,"
Diyar Kanashev, President and Chairman of the Management Board of AK Altynalmas,
said.
unquote
Full version of the press release in the Kazakh and Russian languages is
available at –
http://kase.kz/files/emitters/ALMS/alms_reliz_041219_2.pdf
[2019-12-04]