OREANDA-NEWS. August 06, 2008. By the decision of the Exchange Council of Kazakhstan Stock Exchange (KASE) common shares KZ1C35690011 (KANT) of Kant JSC (Taraz) were transferred from category "A" to category "B" of KASE official list, reported the press-centre of KASE.

The decision was made on the basis of sub-item 5) of item 3 of resolution No. 73 of the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations "on Requirements to Issuers and their Securities, Admissible (Admitted) to Circulation on Stock Exchange and to Separate Categories of Stock Exchange List" of March 30, 2007, in accordance with which the issuer, securities of which are listed in  KASE highest listing category, must have net income for the last finished financial year or for any two of the last three financial finished years in accordance with confirmed by the audit report (audit reports) issuer financial statements.

KASE Listing Committee opinion of July 31, 2008 specifies that according to the financial statements of Kant JSC, confirmed by audit reports, its losses in 2006 totaled KZT587.7 m., in 2007 - KZT885.3 m. According to non-audited financial statements of Kant JSC its profit in initial three months of 2008 made up KZT143.0 m.

On the basis of the mentioned above and in accordance with sub-item 1) of item 2 of article 19 of the Listing Rules common shares KZ1C35690011 of Kant JSC are subject to transfer from category "A" to category "B" of KASE official list.

Common shares KZ1C35690011 of Kant JSC were included in KASE official list of category "B" on November 15, 2002 trades therein were opened on December 2, 2002. On February 9, 2004 the shares were transferred from category "B" to category "A" of KASE official list. Since the trade opening date 44 deals for the total of KZT9.7 bn. (USD79.7 m.) were concluded in the shares by open trade method. Share price varied from KZT299.00 to 2,971.47 per share.