Kalina’s stockholders to make capital go down

OAO Concern Kalina’s Board of Directors decided to hold an extraordinary general meeting so that the holders of the Russian cosmetics and cleaning chemicals manufacturer’s shares approve of a decrease in the concern’s authorized capital. The reduction will be achieved through the company buying out a portion of its own shares in order to cut down on their total amount.

The EGM has been scheduled for January 11, 2011.