Package of 99.7% of Baku Machine Tool Plant’s shares put for sale
Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has announced an investment competition for sale of 99.7% of shares of JSC Baki Dezgahqayirma ( Baku Machine Tool Plant ) which formed from 85% of standard investment contest shares package and 14.7% of the shares remained after close subscription of labor collective for the enterprise shares.
Both domestic and foreign investors are allowed to take part in the competition.
The claimants should submit a 5% bank guarantee of the investment offer cost for at least AZN 200,000 or currency equivalent.
Besides, proposals should be presented for transfer of AZN 600,000 to State Budget.
Claimants should submit an investment program to contain proposals for preservation of the complex’s profile, as well as information about the enterprise’s activity and a copy of its charter . They can get more information at 10 am - 5 pm until 27 June 2012 at the address: 20, Yu. Safarov Str, Baku.
The bids will be assessed from 3 pm on 29 June 2012. For more information call to the State Committee: 4902408 (extension: 242).
The factory (add: Baku city, Balajari settlement, 114 Y. Huseynov street) produces and sells machines and technological equipment.
The enterprise’s charter capital totals AZN 1.785.976 and 892.988 shares were issued for it with face value of AZN 2 each.
The competition subject is 890.300 shares with overall nominal value of AZN 1.780.600.
The enterprise has liabilities for AZN 124.151, including AZN 23.994 on wages and AZN 95.480 for purchase of goods, work and services. Enterprise’s accounts receivables reach AZN 114.535. The enterprise has personnel of 44 employees. The enterprise has been operating since 1982.
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