KTRH "ZANGAR" OJSC (Kazakhstan) intends to increase authorized capital by KZT225.6 m. and issue bonds for KZT3.5 bn

14.08.03 00:00
/KASE, August 14, 03/ - KTRH "ZANGAR" OJSC (Almaty), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "В" listing category, has presented KASE a copy of minutes of prescheduled general shareholders meeting, which was held on May 14 of 2003. In accordance with the confirmed agenda shareholders of KTRH "ZANGAR" OJSC made following decisions: - confirm the decision of the company's Board of directors dated April 9 of 2003 about making of a large deal with KAZKOMMERTSBANK OJSC, concerning increasing of the bank's credit line up to USD36,265 th. and approve other juridical entities' joining the agreement on this credit line (including, but not limiting with, ZANGAR-INVEST OJSC and Kostanaiskiy DS LLP) on full solidary responsibility of KTRH "ZANGAR" OJSC; - increase authorized capital of KTRH "ZANGAR" OJSC by KZT225,596.9 th. by issuing 19,159,690 common inscribed and 3,400,000 privileged inscribed shares; - confirm main parameters of the first issue of inscribed coupon indexed bonds in the volume of KZT3.5 bn. with up to 8-year circulation term. Besides, in accordance with stoppage of authorities of a member of the Board of directors M. Baimukhambetov shareholders elected to the Board M. Akhtanova - vice-president of KTRH "ZANGAR" OJSC. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trades. [2003-08-14]