Apr 13, 2005. /Lesprom Network/. On April, 7 2005 the Supreme arbitration court of Ukraine denied the appeal filed by the Ukrainian international stockmarket keeping the decision ruled by the arbitration court in force. In line with the decision, the Ukrainian international stockmarket should return the guarantee payment paid by Rubezhansky. As reported earlier, Rubezhansky cardboard and tare enterprise announced a bankruptcy warning on the credit agreement with the EBRD because the Ukrainian international foreign exchange refused to return UAH 13 million ($68.4 million) to the enterprise. On September 2005, the Ukrainian international foreign exchange sold 20% of shares of Rubezhansky while the representatives of the enterprise were not admitted to the auction in spite of the fact that the enterprise paid a guarantee payment of UAH 13 million. Richmon Commercial LTD (British Virgin Islands) became owner of the stake. According to the stockmarket infrastructure development agency, in November 2004 34.8% of Rubezhansky shares were owned by DSS Eastern Europe Limited (UK), 20% of shares are owned by Richmon Commercial LTD (British Virgin Islands). In September 2004 Ukrbumprom sold 20% of Rubezhansky shares through the Ukrainian international foreign exchange for UAH 13.27 million ($69.8 million). Rubezhansky cardboard and tare enterprise specializes in the production of paper for corrugation, corrugated cardboard and tare, occupying 30% of Ukrainian market of corrugated goods.