Azerbaijan, Baku, 23 August/ Trend , I. Khalilova/ The State Committee of Property Management has issued an investment tender on 99.65% of shares of Mingecevir Regenerat stock company, Committee said on 23 August. The package includes 85% of standard package put for investment tender and 14.65% of the shares left from the signed statement among the staff.
The company is specialized at production and sale of products from regenerator and technical rubber. The investor is expected to improve the quality of production and the investment program is expected to include proposals on introduction of new technologies and increasing variety of products.
Moreover, some AZN 250,000 must be assigned to the state budget and State Committee for the write off 15,000 vouchers. Pretenders are expected to submit letter of guarantee from any bank worth not less than AZN 80,000.
Those intending to take part in the tender can get additional information about the tender from p10:00a.m. to 5:30p.m. until 8 October 2008 at 20, Y. Safarov st, Baku. The tender bids will be accepted until 8 October. Envelops with tender bids will be opened and assessed on 10 October.
The authorized capita stock of stock company makes up 404,350 with nominal cost of each share comprising AZN 2. Mingecevir Regenerat was launched in 1992.
Its obligations comprise AZN 138,553 and debts on salaries AZN 70,999 and on debts on goods and services - AZN 67,554 and bills accountable - AZN 130,168.
Mingecevir Regenerat employs 18 people.
The current exchange rate for 23 August is 0,8129 AZN/USD.
The correspondent can be contacted at:[email protected]