Shareholders of Rakhat OJSC (Kazakhstan) approved the budget for 2005 and the deal on purchase of 200.0 thousand square meters of production facilities

/KASE, March 31, 05/ - Rakhat OJSC (Almaty), whose common shares are traded in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), presented KASE protocol of prescheduled general shareholders meeting held on March 15 of 2005. According to agenda of the meeting shareholders approved following decisions (further are quotes of the protocol): 1. "Approved the Chapter of Rakhat OJSC in new wording"; 2. "Approved budget submitted by the Board of Directors of Rakhat OJSC for 2005 considering following indicators: - Production of confectionary in real volumes; consolidated budget - 47,039 tons; - Volume of goods in money terms; consolidated budget - KZT 11,083,889 thousand; - Volume of sale in real terms; consolidated budget - KZT 46,788 tons; - Volume of sales in money terms; consolidated budget - KZT 10,277,837 thousand; - Net income of the company KZT 784,200 thousand." 3. "Approved major deal on purchase of production facilities with total area of 20,000 square meters located at: 60, Zhybek Zholy st., Shymkent for a total of 500,000,000 (five hundred thousands) tenge." Principal activity of Rakhat OJSC - production and sale of confectionary and other foodstuff. [2005-03-31]