OREANDA-NEWS. On 29 January 2009 was announced, that shareholders of Stakhanov Railcar Plant < SVGZ UZ UR >, one of the biggest railcar producers in Ukraine, decided to increase its charter fund three fold to UAH 237.7mn at the EGM that was conducted on January 26. The issue will be placed among the existing shareholders in two stages – from 6 to 24 April and from April 29 to May 6, 2009. The additional capital is planned to finance the increase of the working capital.

SVGZ is a part of AvtoKRAZ Holding, which is controlled by ‘Finance and Credit’ Group. We see this way of increasing working capital as evidence that the Group has its own capital for it. This a good sign not only for SVGZ but also for the other companies from the Group (KRAZ, PGOK and others).