Common stocks of Arax OJSC to be admitted to trading on c free c market of NASDAQ OMX Armenia
YEREVAN, July 17. /ARKA/. Common stocks of “ARAX” open joint stock company will be admitted to trading on the C free C market of NASDAQ OMX Armenia, the stock exchange reports.
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”, the press release says.
“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.
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.
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.
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. M.V.-0----
