Baku, Azerbaijan, July 26
By Emil Isamyilov - Trend:
The State Committee for Property Affairs of Azerbaijan has announced an investment competition for the sale of "Jalilabadsutukinti" joint-stock company`s shares, the "Mulkiyyet" newspaper published by the committee said.
The competition is open to individuals and legal entities of Azerbaijan, as well as foreign investors, the report noted.
Those wishing to take part in the competition should submit an investment program, which includes suggestions for improving the production, repair and renewal of existing structures, creation of new job opportunities, as well as the proposal for inclusion of 17, 000 AZN in the state budget.
The applicant should submit a letter of guarantee from any bank in the amount of 6,000 AZN for confirmation of seriousness.
The staff of the company consists of 13 people.
"Jalilabadsutukinti" is engaged in construction, installation, repair and maintenance work.
The authorized capital of the company is 55,234 AZN. Some 27,617 non-documentary registered shares with par value of 2 AZN each have been issued for that amount.
The subject of the competition is 27,614 shares with total nominal value of 55,228 AZN.
As of July 1, 2014 the liabilities of the company totals 169,636 AZN, including on goods, work and services - 15,170 AZN. The receivables of the company is 33,696 AZN.
Those wishing to participate in the competition may obtain further information and get familiarized with the privatization plan daily from 10:00 to 17:30 local time until August 27, 2014 at the address: Baku, Y.Safarov, 50.
The applications and offers are accepted from 10:00 to 17:30 until August 27, 2014.
The evaluation of the offers will be held in the state committee's building by the competition commission from 15:00 local time on August 29.
The official exchange rate on July 26 is 0.7842 AZN / USD.
