Business news from Ukraine

Business news from Ukraine

CYPRIOT COMPANY BUYS BUSINESSMAN VASYL KHMELNYTSKY’S COMPANY

9 August , 2019  

Ziletone Limited (Nicosia, Cyprus) is going to acquire shares of UDP Industrial Projects Limited (Limassol, Cyprus) owned by businessman Vasyl Khmelnytsky and this will provide the buyer with over 50% of the voting shares on the company’s board.
The respective issue was put onto commission’s agenda.
According to the United State Register, in December 2018, Khmelnytsky via UDP Industrial Projects Limited acquired control over Lviv StandartBud LLC, with whom they accomplish a building project of LvivTech.City innovative park on the territory of industrial site of the former plant in Lviv.
As of August 8, 2019 UDP Industrial Projects own 90% stake of charter capital of Lviv StandartBud. Its charter capital is UAH 500,000.
As reported, completion of the first stage of construction of LvivTech.City was scheduled for the second half of 2018. Later on Khmelnytsky told Interfax-Ukraine the plans shifted by the end of 2019.