08 June 2004 09:09
VOLVO VOSTOK SHARE ISSUE SUSPENSION NOT TO AFFECT VOLVO AB
MOSCOW. June 8 (Interfax) - The suspension of an additional share issue by Volvo Vostok, which is wholly owned by
Volvo AB, will not affect the Swedish auto manufacturing group's work in Russia, Volvo Vostok told Interfax.
The additional share issue was aimed at developing Volvo AB's work
in Russia, Volvo Vostok said. The company will receive official
The Federal Financial Markets Service suspended Volvo Vostok's additional share issue after finding signs that
violations had been committed during the issue, including the provision of data on the maximum amount of shares that
could be acquired by shareholders.
notification that the issue had been suspended in the next few days, after which any shortcomings will be eliminated
and the issue will be resumed, Volvo Vostok said.
[Interfax] |
RUSSIA IN FACTS
