Home
/
News
/

Registrations Of Khartsyzk Tube Share Issue Blocked By Court

Registrations Of Khartsyzk Tube Share Issue Blocked By Court

12 August 2008

The Kyiv Economic Court yesterday prohibited the Ukrainian Securities and Stock Market Commission from registering an additional share issue by Khartsyzk Tube (HRTR: SELL), which was approved by the company?s AGM earlier this year. The ruling was a result of a law suit brought by a minority shareholder in HRTR for violation of shareholder rights during the final stage of the share issue subscription. Concorde Capital: If HRTR?s share issue is cancelled, then the stock?s price may rise four- or five-fold. However, we believe it is more likely the minority shareholder will find a compromise with HRTR?s key stakeholder, System Capital Management, and that the share issue will ultimately be registered.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...