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Reorganization of Kazkommerts-Life JSC in the form of a merger with Halyk Life JSC

Due to voluntary reorganization of Kazkommertsbank JSC in the form of merging with Halyk Bank of Kazakhstan JSC on July 28, 2018, a transfer certificate was signed between the banks as of July 27, 2018, kklife.kz reports.
Reorganization of Kazkommerts-Life JSC in the form of a merger with Halyk Life JSC

On July 29, 2018 an operation to write off and transfer shares of JSC Kazkommerts-Life to the personal account of JSC Halyk Bank of Kazakhstan was registered in the system of JSC "Unified Securities Registrar", as a result of which JSC Halyk Bank of Kazakhstan became the sole shareholder of JSC Kazkommerts-Life.

On August 13, 2018 the Board of Directors of Halyk Bank of Kazakhstan JSC decided to voluntarily reorganize JSC Halyk Life and JSC Kazkommerts Life as a merger of JSC Kazkommerts Life into JSC Halyk Life.

The procedure of reorganization of companies will be implemented only after obtaining the permission of the authorized body, the National Bank of the Republic of Kazakhstan, according to the website of the company Kazkommerts-Life JSC.

"At the moment, both companies continue to function in the same mode. We will inform about all the changes that will occur during the period of preparation for reorganization via the company corporate website, media, and social networks," says the website of kklife. kz.

"Taking into account the above, we draw attention to the fact that all the terms under the current insurance contracts remain unchanged and all obligations of Kazkommerts-Life JSC for the fulfillment of these conditions after reorganization by way of succession will be transferred to Halyk-Life JSC (including obligations under insurance agreements of BTA Life JSC)," Kazkommerts-Life JSC reports.

Source: http://www.kklife.kz/about/news/reorganizatsiya-ao-kazkommerts-life--v-forme-prisoedineniya-k-ao-halyk-life/

Photos per website Informburo.kz

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