OREANDA-NEWS. Insurance company Altyn Polis (Almaty), shares of which are listed on the special trading floor of the Regional Financial Center of Almaty informed KASE of the following, reported the press-centre of KASE:

The authorized body of the company suggested the company increases own capital.

An investor was found and the insurance company will have more shareholders. However, additional capitalization and transfer of business in accordance with the Law of the Republic of Kazakhstan "On Insurance Activity" requires time.

In this connection according to item 1 of Resolution No. 72 of the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations dated April 10, 2009 "On suspension of license for insurance activity on voluntary general insurance, mandatory insurance and re-insurance", issued to Insurance company Altyn Polis JSC were suspended on the day of the decision April 13, 2009.

Kayrat Zhalgasbaev was appointed an acting chairman of the board April 11, 2009.