OREANDA-NEWS. October 08, 2010. Asia Alliance Bank private open joint-stock commercial bank held an extraordinary meeting of shareholders.

The participants of the meeting approved the conclusion of bargain stipulating the participation of Ferncroft Holdings Limited in the bank's charter fund by purchasing the shares of the next emission.

It is planned to make transaction after the receipt of corresponding permissions by authorized state bodies in order established by legislation.

Thus, the bank established the limit of the announced shares it plans to emit to increase the charter fund. It is expected that the bank will emit shares at the sum of 19.1 billion soum including 76.59 million ordinary nominal non-documentary shares at the nominal price of 250 soum per share.

Additionally, the meeting approved the structure of clearing committee and changes and amendments to the bank's charter.