Kazkommertsbank Purchases Stake in Investment Company East Capital
OREANDA-NEWS. On October 10, 2007 Kazkommertsbank JSC (Almaty), being the listing company of Kazakhstan stock exchange (KASE) had provided KASE with the press-release of next contention, reported the press-centre of KASE:
Hereby Kazkommertsbank JSC notifies about purchasing on October 4, 2007 of 50%-ge stake in authorized capital of Investment Company Eats Capital LLC (place of location: 18, Krasnopresnenskaya quay, Moscow, Russian Federation, 123317).
IC East Capital LLC is the resident of Russian Federation (registered by State institution Moscow registration chamber on November 23, 2001) and conducts its activities as professional participant of securities' market.
In the nearest time it is planning the change of name Investment Company East Capital LLC to Investment Group East Kommerts LLC and increase of authorized capital to 1 bn. rubles, which should let to enter the Top-10 of largest investment companies of Russian Federation by the size of shareholders equity.
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