ARAX OJSC ADMITTED TO NASDAQ OMX ARMENIA FREE MARKET
/PanARMENIAN.Net/
16.07.2009 23:02 GMT+04:00
/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
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
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.