Seminar-Stock Exchange KASE
As part of raising awareness of business community and other interested individuals about possibilities of fund raising through the instruments of stock market, Exchange holds regular meetings with business representatives in Kazakhstan.
Fund raising through the instruments of stock market is an excellent alternative to bank lending. Company's entry into stock market is an important stage in company's development, which creates new opportunities for business development. The company itself determines more convenient ways of fund raising: placement of shares or issue of bonds.
Advantages for issuer-subsoil user on the Exchange:
• Transparency of company's activities for international investors
• A clear understanding by international investors of of exploration degree and profitability of deposits
• Increase of company's prestige in connection with stock valuations on stock exchange
• Increase of capitalization of companies
• Excellent visibility of the market (ability to track quotes and transactions in real time, availability of a detailed report on trading on stock exchange, in contrast to OTC market).
On December 11, 2015, changes were made to listing rules of JSC “Kazakhstan Stock Exchange” (KASE) and targeted work is carried out with companies-subsoil users (MiningandOil & Gas or MOG).
The main goal of MOG segment development is to provide access for international investors to financing of projects of domestic issuers-subsoil users through transition to world standards of geological reporting (WSGR). When creating MOG segment at JSC “Kazakhstan Stock Exchange” (KASE), the best international practices of financial centers and countries with a rich resource base, in particular experience of Australia, Canada, Great Britain, Hong Kong, and South Africa were taken into account.
Creation of MOG share market segment is in line with Joint Action Plan of the Government of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan on establishment of the International Financial Center in Astana (which includes a clause on creation of sector on KASE for subsoil users), Concept of "Code on subsurface and subsurface use", Concept of development of financial sector of Kazakhstan until 2030, as well as National Plan "100 concrete steps", Step 74 "Increase of transparency and predictability of subsoil use sector through introduction of international system of reporting standards for mineral reserves CRIRSCO".
We are waiting for you on April 10 14:00 - 15:00, seminar room No. 1