Vityaz enterprise has been joint-stocked

May 18, Vitebsk / Olga Bogacheva - BELTA /. An open joint-stock company has been established in the Vitebsk region as part of the privatization of state property of RUPP "Vityaz". This was reported to a BELTA correspondent by Alexander Petrushko, Deputy General Director for Property Management, Social Sphere and Ideological Work of OJSC "Vityaz". The authorized capital of OJSC "Vityaz" is formed in the amount of over Br200 billion, with more than 5 million ordinary shares issued at a nominal value of Br44 thousand each. The state retains 100% ownership of the shares. The supervisory board and other management bodies of the company have been formed, and their official approval procedures are currently underway. The main goal of the enterprise's corporatization is to increase its investment attractiveness. "Vityaz" is interested in attracting additional working capital to produce more competitive products. The new status will certainly contribute to finding potential investors," emphasized Alexander Petrushko. By the end of the current year, it is planned to reform another 20 enterprises of republican property in the region, included in the privatization plan of republican property objects for 2008-2010, according to the territorial fund of state property "Vitebskoblimushchestvo".-0-