Dalsvyaz Adopted a Decision to Liquidate A-Svyaz
OREANDA-NEWS. Dalsvyaz (RTS: ESPK, MICEX: DLSV, US OTC: FEEOY, Frankfurt and Berlin exchanges: D71) intends to raise at the general shareholders meeting of A-Svyaz the issue of voluntary liquidation of the company this August. The plan is to wind up A-Svyaz by the end of 2007 or early 2008.
At present, Dalsvyaz is switching over the subscriber network of another subsidiary - A-Svyaz (Amur region), over which it gained control in June 2006. Dalsvyaz’s stake stands at 84,2% and cost the company RUB10 million. At the time of purchase, the subscriber base of A-Svyaz numbered 6,500.
Dalsvyaz acquired technological equipment, electric power transmission lines and added A-Svyaz to its subscriber base.
Dalsvyaz plans to raise its stake in the charter capital of A-Svyaz by acquiring shares from minority shareholders. Shareholders that failed to sell their shares will receive teh portion of assets remaining after settlement with creditors is complete.
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