OREANDA-NEWS. January 22, 2010. Kazakhstan Kagazy (Almaty oblast), listing on the Kazakhstan Stock Exchange (KASE), provided KASE with the press release, reported the press-centre of KASE:

Herewith Kazakhstan Kagazy (the Company) in accordance with item13-4 of the Resolution of the Agency of the Republic of Kazakhstan for regulation and supervision on financial market and financial organizations dated May 26, 2008 No. 77 notified the Kazakhstan Stock Exchange the Board of Directors made a decision on January 15, 2010 to restructure the debt of the group and approve a preliminary debt restructuring plan.

In accordance with requirements of the Kazakhstan legislation a detailed offer with a description of the debt restructuring plan will be presented for consideration of the Kazakhstan Stock Exchange for approval in the specified terms.

The company engaged АО Unicorn IFC to assist in the implementation of the debt restructuring plan.