KASE Imposes Sanctions on Listing Applicants
OREANDA-NEWS. May 06, 2009. The Exchange Council of the Kazakhstan Stock Exchange (KASE) at its meeting considered sanctions to listing applicants violating KASE requirements regarding information disclosure terms and made the following decisions, reported the press-centre of KASE:
- allow Almaty distillery plant for a requested additional term for provision of information required by KASE (report for Q1 2009 including financial statements) through May 5, 2009 and send to this listing applicant confirmation on penalty sanctions in case of the recurrent violation of the Listing requirements on information disclosure;
- allow Kazakhstan Kagazy for a requested additional term for provision of information required by KASE (report for Q4 2008 including consolidated financial statements) and impose on this listing applicant penalties as specified by the Listing requirements for violation of information disclosure terms;
- impose on Kazakhstan Petrochemical Industries penalties specified by the Listing rules for violation of requirements on information disclosure on shares and shareholders as on May 1, 2009.
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