CJSC Creative to Increase Charter Fund by 127 Times

According to Ukrainian News, A member of Creative Group, CJSC Creative, voted for a charter fund increase from UAH 0.2 mln (USD 0.05 mln) to UAH 29.2 mln (USD 5.8 mln) at its AGM. The shares will be placed privately; subscription will last from January 30, 2008, to March 28, 2008. Olha Pankiv: As 100% of CJS Creative is owned by Creative Group, we believe, in this way the latter redistributes the funds attracted during its placement on WSE. In October 2007 Creative Group placed a 23% stake for USD 30 mln.