Yasynuvatsky Machine Building To Increase Charter Fund By 60% To USD 8.4 mln.

The company plans to issue 3.4 mln ordinary shares at USD 0.92 par. The issue will be considered at the company’s AGM planned for December 27. The attracted funds will be spent on increasing working capital and buying intangible assests. Concorde Capital: Yasynuvatsky is a major producer of heading machines for the coal industry. It posted 32% yoy production growth in 9M05, while most of Ukraine?s coal mining machinery producers were facing decline. In 1H05 Yasynuvatsky disclosed the highest profit margins (EBITDA margin of 27% and Net margin of 20%) among its Ukrainian peers. Look for our initiating coverage report on coal mining machinery later this week.