An investment contest announced for 30% of Lankaran tea-packing factory’s shares
Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has announced an investment competition for sale of 30% of shares of Lankaran-Cay-5 JSC.
Both domestic and foreign investors are allowed to the competition.
The investor should submit a 5% bank guarantee of the investment offer cost, but at least AZN 15,000 or the same sum in foreign currency.
Besides, the investor should also present a proposal for transfer of AZN 45,000 to State Budget.
The competitor should submit an investment program (proposals for installation of necessary equipment), provide information about its activity and a copy of its Charter and get more information at 10 am - 6 pm until 30 August 2010 at the address: 20, Yu.Safarov Street, Baku. Documents and bids from the competitors are received at 10 am - 5:30 pm on 30 August 2010. The tender commission will start estimating the bids at 10 am on 1 September 2010.
The factory is situated in Khaftonu settlement of Lankaran region. The enterprise accepts, processes and sale tea.
Its charter capital is AZN 829,482 and 414,741 shares with face value of AZN 2 each were issued for it.
The competition subject is 124,422 shares with overall nominal value of AZN 248,844.
The enterprise has debts of AZN 26,624, including AZN 1,668 of debts on wages and AZN 6,932 of debts on goods, works, and services. At that, the factory was owed for AZN 19,674. The plant has operated since 1988 with personnel of 21 employees.
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