Orsha Machine Tool Plant Krasny Borets transformed into open joint stock company

VITEBSK, 27 August (BelTA) – Orsha Machine Tool Plant Krasny Borets has been transformed into an open joint stock company, BelTA learnt from Svetlana Lukashevich, deputy director of the Vitebsk territorial fund Vitebskoblimushchestvo. In accordance with the law on denationalization and privatization of state property in the Republic of Belarus, the Board of Vitebskoblimushchestvo took a decision to transform the republican unitary enterprise Orsha Machine Tool Plant of the Order of the Red Banner of Labor Krasny Borets into an open joint stock company Orsha Machine Tool Plant. The statutory fund is equal to Br34,377,816,000. There were issued 781,314 ordinary shares of nominal value of Br44,000 each. The machine tool plant Krasny Borets was included in the plan of privatization of the state-owned objects for 2008-2010. The same plan includes the republican unitary enterprise Vitebsky Rassvet, which has been also corporatized. The statutory fund of Vitebsky Rassvet is equal to Br1,132,252,000. There were issued 257,330 ordinary shares of nominal value Br4,400 each. The plan of privatization of the state-owned property in 2010 includes more than 20 enterprises in Vitebsk Oblast. These are the republican unitary enterprises Novopolotskzhelezobeton, VISTAN, Orsha Instrument Plant, Novopolotsk plant of protein-vitamin concentrates, design bureau Display, BelVitunifarm, several large-scale agricultural enterprises. By the end of the year they will be transformed into joint stock companies.

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