Daughter Company Rolling-Stock Set Up

DAUGHTER COMPANY ROLLING-STOCK SET UP
YEREVAN, APRIL 8, NOYAN TAPAN. In accordance with the RA Law on
Joint-Stock Companies, at the April 7 RA government sitting, a
decision was made to reorganize the CJSC Armenian Railway by means of
separation and to set up a daughter CJSC Rolling-Stock. The powers of
management of Rolling-Stock’s shares, which represent state property,
are reserved for the RA Ministry of Transport and Communication.
According to the RA Government Information and PR Department, the
relations between CJSC Armenian Railway as the main company and
its daughter company Rolling-Stock will regulated on the basis of
agreementss signed by them.
From: Emil Lazarian | Ararat NewsPress