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Kazakh investors challenge rules on squeezing out minority shareholders


By Reuters Staff
3 Min Read
ALMATY, May 7 (Reuters) - A group of retail investors has mounted a legal challenge to Kazakhstan’s rules on squeezing out minority shareholders in a case that could set a precedent for the oil-rich nation’s equities market.
The investor filed a lawsuit in a local court at the end of April against local financial company Jysan Ventures after it took over telecommunications firm KazTransCom and forced out minority shareholders.
Jysan Ventures has dismissed allegations of unfair practices as “unfounded” and said it abided by the law and bourse rules.
The investors allege the company used vague squeeze-out rules to force them to sell at artificially low prices. The fair price was at least 39% higher, they say, seeking compensation. ....

Almaty Qalasy , Olzhas Auyezov , Daniyar Temirbayev , Kassym Jomart Tokayev , Bakht Niyazov , Jason Neely , Thomson Reuters Trust Principles , Qazaq Association Of Minority Shareholders , World Bank , Jysan Ventures , Qazaq Association , Minority Shareholders , Doing Business , President Kassym Jomart Tokayev , Thomson Reuters Trust , Asia Pacific , Corporate Events , Banking Amp Investment Services Trbc Level 2 , Banks Trbc Level 4 , Banking Services Trbc Level 3 , Central Asia , Cis Countries , Crime Law Justice , Company News , Emerging Market Countries , Energy Trbc Level 1 ,

Heartland Ambassador Hotel bought at discount by ASX-listed Mediland Pharm


Heartland Ambassador Hotel bought at discount by ASX-listed Mediland Pharm
3 May, 2021 11:00 PM
3 minutes to read
Mediland Pharm has purchased 100 per cent of the shares of the company which owns the 51-room Heartland Ambassador Hotel. Photo / Supplied
Mediland Pharm has purchased 100 per cent of the shares of the company which owns the 51-room Heartland Ambassador Hotel. Photo / Supplied
An Australian ASX-listed tourist retail company kneecapped by Covid-19 has bought a Hamilton hotel at a heavy discount in a bid to turn around loss for its shareholders.
Mediland Pharm has purchased 100 per cent
of the shares of the company which owns the 51-room Heartland Ambassador Hotel within five minutes walk of Hamilton s CBD and the Waikato FMG Stadium. ....

New Zealand , New South Wales , Gold Coast , New Zealanders , Jhon Shen , Mediland Pharm , Yesh Mudaliar , Scenic Hotel Group , Shen Ambassador Hotel , Heartland Ambassador Hotel , Premier Hospitality Management , Ixora Investments , Scenic Hotel , Ambassador Hotel , Covid 19 , புதியது ஜீலாந்து , புதியது தெற்கு வேல்ஸ் , தங்கம் கடற்கரை , மேதிலண்ட் பார்ம் , இயற்கை ஹோட்டல் குழு , இயற்கை ஹோட்டல் , தூதர் ஹோட்டல் ,