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Kazakhmys doubles volume of shares sold on local stock exchange to 1.9%.

Kazakhmys doubles volume of shares sold on local stock exchange to 1.9%. According to local stock exchange KASE, Kazakhmys will place 1.9% of its shares on the domestic market. Such decision was made by the organizer of the deal TuranAlem Securities. Initially, it was planned to sell only 1% or 4.858mn shares on the KASE but Kazakhmys substantially increased the scope of the placement to meet the demand. As we reported, executive director Yong Keu Cha leaves Kazakhmys in December and decided to sell part of his 15.6% stake in the company.

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