OREANDA-NEWS. May 31, 2011. In its official statement dated May 30, Donetskstal Group promised to sue the Ukraine’s SEC to try to restore the trading in the shares of its subsidiaries as soon as possible. The Group also pointed that regulatory decision was ill-motivated and taken without the prior notice to the Group.

Millennium Capital: the news is essentially NEUTRAL for YASK and SHCHZ, as the litigation already looked inevitable. The action, though, does not improve the outlook for the stocks as major concern remains intact and this one is whether YASK and SHCHZ will suffer the fate of SMASH that fell the victim of corporate conflict in 2010. We hope this outcome will not materialize and shareholders eventually settle the issue such that the trading in shares could be resumed soon.