German Cancelled Agreement of 100% Stake in Karagandy Zharyk Capital
OREANDA-NEWS. On July 29, 2008 Legal company German LLP (Almaty), informed Kazakhstan Stock Exchange (KASE) by the official letter that from June 4, 2008, it cancelled the trust managing agreement in 100% stake in authorized capital of Karagandy Zharyk LLP (Karaganda), bonds of which are traded in Kazakhstan Stock Exchange (KASE) category "B" official list, reported the press-centre of KASE.
According to the message of Legal company German LLP (hereinafter – the Company):
During the period of trust managing the Company fulfilled all its obligations, developed the new investment program and approved the new tariff, which completely covers the cost price and has the investment component.
In compliance with the trust managing agreement terms, the founder of trust managing decided to independently implement the investment program, and due to this fact the agreement was cancelled by parties' agreement.
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