Zaporizhstal Approves 46.9% Charter Fund Increase

According to Ukrainian News, Zaporizhstal (ZPST: N/R) shareholders approved results of the charter fund increase from UAH 450 mln (USD 89.1 mln) to UAH 660.9 mln (USD 130.9 mln) at their EGM on Monday. It is that scandalous dilutive increase through a merger of Zaporizhstal’s five trading houses initiated in April 2006, which resulted in the stock delisting from the PFTS.