AzNar wins an investment contest for 30% of spinning factorys shares
Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has summed up the results of an investment competition for sale of 30% of shares of Goycay Toxucu JSC (Goycay Spinning Factory).
The Committee reports that CJSC AzNar named after T.Ahmadov became the competition winner.
The investor undertook the commitment to transfer AZN 160,000 to State Budget and invest 1.2 million in the enterprise for 1/5 years.
At that, the enterprise will change its profile – capacities on storage of fresh fruits and refrigerated warehouses will be created on its territory to ensure output export abroad. 15 new jobs will be created at the factory.
The factory is located in Geycay city (add: 118, Natavan Street). The enterprise specializes in spinning and making cotton bodice.
Enterprise’s charter capital totals AZN 3.2 million and 1,622,483 shares were issued for it with face value of AZN 2 each.
The competition subject was 486,803 shares with overall nominal value of AZN 973,606.
The JSC has liabilities for AZN 263,245, including 17,100 on salaries and 246,145 on goods, work, and services. It has been operating since 1987 with personnel of 1 employee.
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