Repeated investment contest for 30.08% of Khudat cannery announced in Azerbaijan
Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has announced a repeated investment competition for sale of 30.08% of shares of JSC Xudat-Konserv (Khudat Cannery).
Both domestic and foreign investors are allowed to take part in the competition.
The investor should submit a 5% bank guarantee of the investment offer cost for at least AZN 40,000 or currency equivalent.
Besides, proposals should be presented for transfer of AZN 120,000 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 and get more information at 10 am - 5 pm until 23 July 2012 at the address: 20, Yu. Safarov Str, Baku.
The documents and bids are accepted at 10 am – 5 pm until 23 July 2012.
The bids will be assessed from 3 pm on 25 July 2012. For more information call to the State Committee: 4902408 (extension: 242).
The canning factory is located at address: 3, M. F. Akhundov, Khudar City, Khachmaz Region. The factory produces and sells tinned products.
The enterprise’s charter capital totals AZN 2,564,934 and over 1,282,467 shares were issued for it with face value of AZN 2 each.
The competition subject is 385,718 shares with overall nominal value of AZN 771,436.
The factory has liabilities for AZN 20,000, including AZN 20,000 on wages. Enterprise’s accounts receivables reach AZN 84,000. The enterprise has been operating since 1973 with personnel of 6 employees.
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