On June 19, 2007 OÜ Skano registered in the Ukraine subsidiary TOV Skano Ukraina with share capital of 50,500 hryvnia (117,020 kroons / 7,479 euros). The shares of the company are 100% hold by Skano OÜ, a subsidiary of Viisnurk AS. The purpose of establishing TOV Skano Ukraina was to start retail of furniture in bigger cities of the Ukraine.

Developing retail business is a part of the business strategy of the Furniture Division of Viisnurk AS aimed at moving closer to the end user. Skano is a trademark of Viisnurk AS for furniture.

Viisnurk AS is a wood-processing company that manufactures and markets domestic furniture and building materials. It holds 100% of the shares of its subsidiary, Skano OÜ. The latter, in turn, holds 100% of the shares of the subsidiary SIA Skano situated in Latvia and 100% of the shares of the subsidiary UAB Skano LT situated in Lithuania.

Einar Pähkel
CFO
+372 447 8331
This email address is being protected from spambots. You need JavaScript enabled to view it.