Jusan Mobile re-registers as QMobile, reshapes its board and pays a coupon

Jusan Mobile JSC has been re-registered as QMobile JSC, a Kazakhstan Stock Exchange notice of 24 September said. The company submitted a certificate of state re-registration dated 18 September, the notice added.

Its exchange ticker, KZTC, is unchanged in the filings that followed. A week after the change, the sole shareholder reshaped the board. By a decision dated 25 September, changes were made to the composition of QMobile's board of directors, which now has four members, a KASE notice of 5 October said. The exchange summary does not name the directors who left or joined.

The company kept up its debt payments through the change of name. It paid the third coupon on its KZTCb3 bonds, ISIN KZ2C00012961, on 30 September, a KASE notice says, still under the Jusan Mobile name. The notice gives no amount.

As of 1 July, Assets Logistics and Property Group LLP held 2,332,915 common shares, or 88.86 per cent of all outstanding shares and 100 per cent of the outstanding common shares, the company's shareholder disclosure says. The company had 3,000,000 authorised common shares and 115,738 preferred shares, with 2,509,683 common shares and all preferred shares placed, and had bought back 176,768 common and 27,544 preferred shares, the disclosure shows. It names that partnership as the only holder of 10 per cent or more of the outstanding shares.

None of the notices explains the reason for the new name, whether the brand used with customers will also change, or whether the board changes are linked to a wider transaction. The filings do not identify the owners of Assets Logistics and Property Group.

The exchange's own records straddle the change. KASE published the coupon payment under the Jusan Mobile name on 2 October and the board change under the QMobile name on 5 October, both against the same KZTC ticker. The shareholder data of 1 July predates the re-registration. The company's next scheduled disclosures on the exchange, including its shareholder information as of 1 October and any further coupon payments, would show whether its ownership or financing has moved alongside the name.