The stockholders of SverdlovEnergoSbyt decided at the annual meeting not to declare any ordinary share dividend for the year 2010. As for the Type A preference share dividend, it was declared at 0.0287428338 RUR per share for the year 2010. Business Consulting & Audit Center was also appointed the company’s auditor in the course of the meeting.

URALSIB Capital’s Moscow division and Bank Otkrytiye have successfully completed the launch of RENOVA-StroyGroup’s first, 3bn-ruble bond issue recently. President of RENOVA-StroyGroup Veniamin Golubitsky said the company was feeling very confident about its financial strength.

Serov Ferrous Alloys Works decided not to declare any dividends for the year 2010. This decision was taken at the annual general meeting in Serov, Sverdlovsk Region.

The stockholders of Ural Chemical Machine-Building Works (Uralkhimmash) decided in the course of the annual general meeting not to pay any ordinary share or type A preference share dividends for the year 2010. The enterprise gave up on the idea of profit distribution because it suffered losses last year. In addition to the issue of dividends, the AGM was also dedicated to approving the annual report and the annual accounting report and electing the nine members of the Board of Directors.

The Chinese car manufacturer Geely might set up one more assembling site in Russia. In addition to Derveis in Circassia, where Geely MK is produced, the Chinese company is currently negotiating for the resumption of production at Yekaterinburg-based AMUR car factory. If the parties involved come to an agreement, the new Geely models will be assembled at the Russian facilities, RBC daily reports. Nothing has been settled yet, as the talks only began a few weeks ago. We are not talking about relocating Geely MK production from the plant in Circassia to the Urals. The proposal in question is to