OREANDA-NEWS. Investment Finance House RESMI (Almaty), common shares of which are listed on Kazakhstan Stock Exchange (KASE), presented KASE with a statement dated April 21, 2009, reported the press-centre of KASE:

RESMI Group and Investment Finance House Resmi, KASE listing companies, inform they ended participation in the capital of APF Korgau and PAIMO RESMI Asset Management (the only shareholder decided to re-name into PAIMO Орлеу).
 
In last 5 years RESMI Group and Investment Finance House Resmi were minority shareholders of Korgau (37.68% stake). Investing in its capital, we supported as well the management of fund Korgau improving operational standards, sales and marketing system, which facilitated enhancement of servicing of fund depositors and, accordingly, increased pension assets and client base.

PAIMO RESMI Asset Management was established by one of the first Kazakhstan based pension assets managing companies (in June 1998). For years of operation PAIMO RESMI Asset Management, managing assets of 7 pension funds, acquired enormous expertise in effective management of pension assets under conditions of formation and development of the Kazakhstan stock market. Clients, whose pension assets were managed by PAIMO RESMI Asset
Management, were steady leaders in terms of yield among Kazakhstan APFs for all 11 years.

In last two months we were negotiating regarding sale of shareholding of the two companies with several potential investors. A group of Kazakhstan investors offered terms, most convenient, for a seller and further development of companies APF Korgau and PAIMO Orleu.

Details on the agreement, in particular, disclosure of the list of investors, the amount and other terms of the deal, must not be disclosed by us (seller), remaining a prerogative of investors.

Investment Finance House RESMI is a largest domestic independent investment and finance company. The company is a leader in asset management, brokerage and dealer service, investment banking and owns APF Respublika.

RESMI Group is Kazakhstan-based Investment Company managing a portfolio of direct majority type investment, comprising leading companies-holdings in competitive economy sectors and owns Investment Finance House RESMI.