KazAgroFinance says company assets were arrested

/KASE, April 17, 15/ – KazAgroFinance JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote On march 2, 2105 by verdict of a judge of Astana special inter-district economic court Sh. Nusupova (received by KazAgroFinance by mail on April 8, 2015, inc. No. 1709), according to article 158 of the Civic code of Kazakhstan, arrest was imposed on assets of KazAgroFinance JSC represented by a fish-processing plant in Kyzylorda region, Aral, with a land plot as collateral for the statement of claim of the Bankruptcy administrator Atamekenrybprom against KazAgroFinance on acknowledging the act of reversal of pledged assets into property dated May 31, 2013 as invalid. The total balance value of the fish-processing plant in Kyzylorda region, Aral, with a land plot makes 0.36% of KazAgroFinance's total assets. unquote [2015-04-17]