ukrainian news - 05.04.2005
Ukrainian International Foreign Exchange VS Rubezhansky lawsuit postponed for an indetermined term
The Supreme arbitration court of Ukrain postponed the lawsuit on the return of UAH 13 million ($68.4 million) to Rubezhansky cardboard and tare enterprise (Ukraine).
As reported earlier, Rubezhansky cardboard and tare enterprise announced a bankruptcy warning on the credit agreement with the EBRD because the Ukrainian international foreign exchange refused to return UAH 13 million ($68.4 million) to the enterprise.
On September 2005, the Ukrainian international foreign exchange sold 20% of shares of Rubezhansky while the representatives of the enterprise were not admitted to the auction in spite of the fact that the enterprise paid a guarantee payment of UAH 13 million. Richmon Commercial LTD (British Virgin Islands) became owner of the stake.
According to the stockmarket infrastructure development agency, in November 2004 34.8% of Rubezhansky shares were owned by DSS Eastern Europe Limited (UK), 20% of shares are owned by Richmon Commercial LTD (British Virgin Islands).
In September 2004 Ukrbumprom sold 20% of Rubezhansky shares through the Ukrainian international foreign exchange for UAH 13.27 million ($69.8 million).
Rubezhansky cardboard and tare enterprise specializes in the production of paper for corrugation, corrugated cardboard and tare, occupying 30% of Ukrainian market of corrugated goods.
Lesprom
See also:
- — By June, 1 2005 forest usage examination in Kiev region, Ukraine to be carried out
- — Timber cargo transportation through Odessa railroads up 34.8%
- — Timber cargo trans shipment through Ukrainian ports up 46.3% in January-February 2005
- — Japan allocated $320 thousand to Ukraine for reforestation
- — Ukraine: Import duties for paper to be unified?