Kalbekistan
08-02-2008, 12:44
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Kalbeki State Gas Corporation
Official Company Announcement
As part of recent changes in government policy within the Republic of Kalbekistan, the Kalbeki State Gas Corporation has begun issuing shares in its operations to both domestic and foreign interests to facilitate greater investment and provide greater rewards to shareholders.
Kalbeki State Gas Corporation is one of several companies owned and operated under government control during Kalbekistan's membership of the Soviet Union. Whilst the company is still nominally considered a State Corporation, recent privatisation efforts mean that the Kalbeki government is formally relinquishing control of Kalbeki State Gas Corporation, although it will retain a percentage of the shares to be issued.
Kalbeki State Gas operates seven facilities across Kalbekistan, collecting the country's ample supplies of natural gas for sale both domestically and internationally. Kalbekistan was considered a valuable source of gas supplies by the former Soviet Union, and maintains a considerable infrastructure left over from this period. Moreover, with a upward estimate of 535 trillion cubic feet of natural gas, Kalbekistan supplies will not run out in the near-future, making investment in Kalbeki State Gas a profitable consideration.
As well as these benefits, Kalbeki State Gas benefits from still being classified as a State Corporation, thereby entitling the company to government subsidies for domestic and international sales, although the current administration intends to reduce these subsidies over an unspecified period of time as Kalbeki State Gas fully enters the free market.
Under current legislation, the majority of shares can only be held by those of Kalbeki nationality. Therefore, the Kalbeki State Gas Corporation is issuing 49% of its shares onto the international market at a total of 4,900,000 (Four Million, Nine Hundred Thousand) shares for purchase at a cost of K$50.20, or US$25.
Thankyou for your interest in Kalbeki State Gas. We hope to do business with you soon.
Abdul Sharhee
Managing Director
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Shares Available:
4,900,000 (49% of Total)
International Investors:
TBA
Kalbeki State Gas Corporation
Official Company Announcement
As part of recent changes in government policy within the Republic of Kalbekistan, the Kalbeki State Gas Corporation has begun issuing shares in its operations to both domestic and foreign interests to facilitate greater investment and provide greater rewards to shareholders.
Kalbeki State Gas Corporation is one of several companies owned and operated under government control during Kalbekistan's membership of the Soviet Union. Whilst the company is still nominally considered a State Corporation, recent privatisation efforts mean that the Kalbeki government is formally relinquishing control of Kalbeki State Gas Corporation, although it will retain a percentage of the shares to be issued.
Kalbeki State Gas operates seven facilities across Kalbekistan, collecting the country's ample supplies of natural gas for sale both domestically and internationally. Kalbekistan was considered a valuable source of gas supplies by the former Soviet Union, and maintains a considerable infrastructure left over from this period. Moreover, with a upward estimate of 535 trillion cubic feet of natural gas, Kalbekistan supplies will not run out in the near-future, making investment in Kalbeki State Gas a profitable consideration.
As well as these benefits, Kalbeki State Gas benefits from still being classified as a State Corporation, thereby entitling the company to government subsidies for domestic and international sales, although the current administration intends to reduce these subsidies over an unspecified period of time as Kalbeki State Gas fully enters the free market.
Under current legislation, the majority of shares can only be held by those of Kalbeki nationality. Therefore, the Kalbeki State Gas Corporation is issuing 49% of its shares onto the international market at a total of 4,900,000 (Four Million, Nine Hundred Thousand) shares for purchase at a cost of K$50.20, or US$25.
Thankyou for your interest in Kalbeki State Gas. We hope to do business with you soon.
Abdul Sharhee
Managing Director
-------
Shares Available:
4,900,000 (49% of Total)
International Investors:
TBA