BAKU, Azerbaijan, August 16. Olimp Construction LLC, a limited liability company operating in Azerbaijan, is reducing its authorized capital, the LLC statement said, Trend reports.
The organization disclosed a decrement in its sanctioned capital
by 19.97 million manat ($11.75 million), adjusting it to 21.26
million manat ($12.5 million), accompanied by pertinent
notifications to its stakeholders, including debtors and
creditors.
"The entity's financial stakeholders possess the prerogative to
invoke premature execution or cessation of the organization's
pertinent commitments and seek restitution for damages sustained
within a thirty-day period," the declaration further
elucidated.
The company was registered in 2016. Its legal representative is Gahraman Suleymanov.
