Public joint-stock company Kyivmiskbud Holding (Kyiv), one of the largest constructors in Ukraine, is finishing work on the return of illegally sold shares in companies that previously belonged to the holding, and at present the holding is drawing up a lawsuit on the securities of OJSC Plant of Ferroconcrete Constructions 1 (Kyiv) for the courts.
“Kyivmiskbud conducted work on the return of illegally sold shares in the companies that had belonged to the holding: OJSC Zhuliany, OJSC Bituminous Concrete Plant, OJSC Kyivozdobbud, OJSC Trust Miskbud 4, OJSC Budmekhanizatsiya, OJSC Miskbudtrans, OJSC ZOM and OJSC Auto-Transport Enterprise 5,” Kyivmiskbud Board Chairman and President Ihor Kushnir has said in an interview with Interfax-Ukraine.
“As for securities in OJSC Plant of Ferroconcrete Constructions 1, at present, Kyivmiskbud is preparing a lawsuit for the economic court in Kyiv,” he added.
He said that the economic court in Kyiv on February 4, 2013 obliged public joint-stock company Asvio Bank to write off the securities of the above-mentioned companies (apart from Plant of Ferroconcrete Constructions 1) from accounts of the following companies: Gerer Limited, Astrelo Limited, Ledesta Trading Limited, Valider Limited, Truman Holdings Limited and Provinal Enterprises Limited to the holding’s account at the registrar – public joint-stock company Globus Commercial Bank.
“When the term for applying counterclaims expires, the documents will be submitted to the law-enforcement service,” he said.
Kushnir said that under a ruling of the economic court in Kyiv of December 11, 2012, Ukrainian Registration Bureau LLC is obliged to write off the securities of OJSC USM from the account of Ukraina Fondova Spilka LLC to the holding’s account at the registrar – Globus bank.
“Currently the holding has filed documents to start the law-enforcement procedures,” he added.
The president of the holding said that today Kyivmiskbud incorporates 68 companies, including 47 open joint-stock companies, in which the holding owns shares, and 21 companies, with which the holding cooperates as part of the board of directors.
“Some of the companies, in which the holding holds a stake in the share capital, are non-liquid and dividends are not paid. In addition, the economic court is hearing bankruptcy cases for some companies. There are companies where the holding has a small stake in the share capital, which does not allow influencing the operation of the companies,” he said.
Kushnir also said that at 10-15 companies, where the holding has stakes in the share capital, an audit would be conducted to define the further strategy of corporate management.
Kyivmiskbud was set up on the basis of municipally owned construction corporation Kyivmiskbud in 1994 through the merger of controlling stakes in 28 enterprises and other assets in its charter capital.
Kyiv municipal community owns an 80% stake in the holding.
