Kazgeology Becomes Subsidiary of Tau-Ken Samruk, 100% Voting Shares Transferred

21/09/2023

Image source: pixelied.com / pixabay.com

As per the Government Resolution No. 1128 dated December 30, 2022, the state-owned stake in Kazgeology has been transferred as a form of payment in exchange for newly issued shares of the esteemed Samruk-Kazyna Fund. Kazgeology, in its role, primarily focuses on the exploration and assessment of mineral resources, the identification of promising areas, and the facilitation of foreign and domestic investments to bolster the nation's mineral resource base. As the sole shareholder of Kazgeology, Tau-Ken Samruk assumes both the rights and obligations. It is worth highlighting that the conditions for partners and investors in all ongoing projects will remain unaltered. However, we are presented with a remarkable opportunity to broaden the horizons of cooperation. With a shared interest, Tau-Ken Samruk can actively participate in investment projects throughout the construction and operational phases," expressed Bakytzhan Chirchikbaev, the esteemed Chairman of the Management Board of Tau-K

Subscribe or log in to read the full content without limitations.

Source and Credit: kapital.kz

529