Russia's Kazanorgsintez ups number of authorized shares - SIBUR
MOSCOW. May 8 (Interfax) - Shareholders in Russian chemical
producer Kazanorgsintez (RTS: KZOS) approved amendments to the company's
charter at their annual general meeting on April 16, significantly
increasing the number of authorized shares, SIBUR Holding said in a
statement.
SIBUR is opposed to this decision since "it opens the door for
issuing additional shares in the future without consideration of the
SIBUR group's interests as a potential Kazanorgsintez shareholder," the
company said.
The shareholders approved charter amendments but did not disclose
what changes were made exactly.
tj
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