OREANDA-NEWS. On April 23, 2008 Almatymetallopttorg LLP (Almaty) provided Kazakhstan Stock Exchange (KASE) with a copy of the decision of Specialized Inter-district Economic Court (SMES) of Almaty region, reported the press-centre of KASE.

According to this decision Almaty region SMES sustained in full claims of Almatymetallopttorg LLP (Almaty) to Transstroimost JSC on collection of debt for the delivered rolled metal products in the amount KZT20,209,024. This decision was made effective March 26, 2008.

On request of the Exchange, Transstroimost JSC informed KASE by an official letter of April 16, 2008 on payment on March 14, 2008 of a part of debt in the amount KZT4,500,000 within the bounds of execution of the SMES decision aforementioned.

"Due to the world financial crisis and suspension of bank crediting on construction industry the customers started to incur a deficit of working capital, and make payments for the services rendered and the works performed untimely; thanks to the aforementioned, Transstroimost JSC have difficulties with working capital, which resulted in the debt, scheduled for cancellation by the enterprise nearest month", - the letter says.

Bonds KZ2CKY05B950 (trading code - TSSMb1) of Transstroimost JSC are traded in the KASE official list of category "A".

A copy of the SMES decision is available at the KASE site at: http://www.kase.kz/files/mix/isk_tssm_040308.pdf