Alchevsk Iron & Steel Postpones Subscription For New Share Issue

Alchevsk Iron & Steel (ALMK: U/R) announced Friday that it had postponed the first stage of subscription for its additional share issue, scheduled for June 25, indefinitely. The postponement was caused by the company’s failure to publish an official announcement of the issuance as required by law. Look for the company to make the announcement over the next few days and for subscription to go ahead as planned.