Seller of SBS of Alliance Bank JSC (Kazakhstan) again decreased offering price, but deal was not concluded

09.12.04 11:08
/KASE, December 9, 04/ - Today at Kazakhstan stock exchange (KASE) trades of state block of shares (SBS) of Alliance Bank JSC (Almaty) were continued. In the course of session seller, who is represented by authorized body Committee of government property and privatization of Ministry of finance of the Republic of Kazakhstan Information-stocking center RGE (Almaty), decreased offering price from KZT12,700.00 to KZT12,500.00 for a share. However price of demand remained unchanged - KZT9,500.00. As a result deal was not concluded, as participants of trades did not achieve compromise. Trades of SBS will be continued at KASE till December 31 of the current year by the acting terms of sale. We remind, that SBS was presented at exchange trades under code NZ_ASBN indivisible by lot. Block consists of 12,955 common shares of Alliance Bank JSC (1.85% from total paid number of floated shares of the bank). These shares at present are traded in the official "A" listing category at KASE under code ASBN, NIN KZ1C40310019 and nominal value KZT10,000. In Internet trades of SBS are broadcasted in on-line environment http://bird.kase.kz/applets/NZ_ASBN.html. [2004-12-09]