 ARAX ojsc admitted to NASDAQ OMX Armenia free marketJuly 17, 2009 - 00:02 AMT PanARMENIAN.Net - Starting July 17, 2009, common stocks of "ARAX" open joint stock company will be admitted to trading on the C free market of NASDAQ OMX Armenia. Upon admission, a total of 116,879 stocks of the company with nominal value AMD 1,000 will become traded at the exchange under ticker symbol ARAX, NASDAQ OMX Armenia said in a press release."ARAX" ojsc is a production company with the range of products and services comprising manufacturing and installation of elevator cabins; metallic entrance doors equipped with coded locks; washers for railroads; office furniture; and miscellaneous articles of plastic. The company is the legal successor of "Arax" state-owned enterprise established in 1987. The major shareholder of "ARAX" ojsc is "International Business Center" cjsc Russian-Armenian joint venture, which holds about 66% of all shares of the company and is currently the major shareholder of a few other companies in Armenia operating in business areas ranging from production to real estate trade. As of December 31, 2008, "ARAX" ojsc's assets totaled AMD 499.96 mio, equity capital was about AMD 293 mio; proceeds from sales exceeded AMD 55.4 mio in 2008 growing more than 47 times compared to the previous year. More information on the activities of the company, as well as the trading prospectus can be found at the company's official website www.araks.am. The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc. For more information on the NASDAQ OMX Group, Inc. visit www.nasdaqomx.com. On January 27, 2009, "Armenian Stock Exchange" ojsc was officially renamed as "NASDAQ OMX Armenia" ojsc. On June 5, 2009, "NASDAQ OMX Armenia" ojsc became the owner of 100% of the shares of the "Central Depository of Armenia" ojsc.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months  The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan.Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem."U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says.Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |
