Batyz tranzit announces completion of second stage of Post-crisis recovery program

23.05.14 15:57
/KASE, May 23, 14/ – Batys tranzit (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press- release of May 22, 2014: quote Hereby Batys tranzit JSC (hereinafter – the Company) brings to knowledge of the interested parties, that for purposes of improving the financial position in particular, improving the quality of liabilities towards holders of the Company bonds and Eurasian Development Bank the Company has finished implementing the second stage of the "Post-crisis recovery program" (rehabilitation of competitive enterprises) approved by Resolution No. 225 of the Government of the Republic of Kazakhstan dated March 4, 2011 (hereinafter – the Program). A result of the Program was signing of the subsidizing agreement on May 19, 2014 according to which the company intends to receive subsidies. unquote The full press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/BTTR/bttr_reliz_220514.pdf [2014-05-23]