KASE Penalties Companies Who Do Not Open Information
OREANDA-NEWS. March 03, 2008. The meeting of Exchange council of Kazakhstan stock exchange (KASE) had taken place, on which was considered the question about sanctions in relation to number of listing companies who broke the requirements of KASE for opening of information, reported the press-centre of KASE.
Regarding the listing companies who provided KASE with the information with delays, the next decisions were taken by Exchange council:
- not to charge the fee, foreseen by the Listing rules for violation of information disclosure terms to KSMK-3 LLP (Almaty), Mangistau distributing electric-networking company JSC (Aktau), ECOTON+ JSC (Astana), El-DOS JSC (Almaty), Concern Tseesna-Astyk LLP (Astana);
- to send to these companies letters, containing the notification about execution of fee sanctions in case of repeated violation.
In addition to that the decision was taken to oblige Corporation Tsesna JSC (Astana) to submit the information, required by KASE, by March 31, 2008 and to send a letter to that company with containing the notification about execution of fee sanctions in case of repeated violation.
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