KASE Took Decisions on Penalties to Listing Companies
OREANDA-NEWS. On March 27, 2008 the meeting of Exchange council of Kazakhstan Stock Exchange (KASE) considered the question about sanctions in relation to number of listing companies who broke the requirements of KASE for opening of information, as accepted the following decisions, reported the press-centre of KASE:
- in relation to Halyk Savings Bank of Kazakhstan JSC (Almaty), which had lately provided KASE with the report for the fourth quarter of year 2007, including the consolidated financial statement - to send a letter with notification about application of the penalty sanctions in case of the repeated abortion of the stated terms of providing KASE with the information required;
- in relation to Kazakhstan Kagazy JSC (Almaty region), which did not provide KASE with the report for the fourth quarter of year 2007, including the consolidated financial statement, and Temirleasing JSC (Almaty), which did not provide KASE with the auditor's report on financial statement for year 2007 - to provide these listing companies with additional terms for providing KASE with the mentioned information and send them the letter with notification about application of the penalty sanctions in case of the repeated abortion of the stated terms of providing KASE with the information required.
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