Oil producer Mangistaumunaigas asks KASE to de-list its shares, but in vain.
Oil producer Mangistaumunaigas asks KASE to de-list its shares, but in vain. Oil producer Mangistaumunaigas asked local stock exchange KASE to de-list its shares because of a possible raiding threat. KASE refused to fulfil the request. According to the local stock exchange’s representatives, the company wants to be non-transparent. Presently, less than 3% of the company’s preferred shares are in free circulation. Some analysts believe that the de-listing procedure is needed to amend the share value of Mangistaumunaigas. As of Dec 8, the capitalization of the company was USD 14.992bn at the KASE. As we reported, recently rumours appeared about the possible sale of the company.