Azerbaijan, Baku, 30 August / Trend corr. U.Ismayilova / The State Committee on State Property Management has announced an investment competition to sale 99.34% of stocks of the Baku Electric Machine JSC.
Local and foreign investors may participate at the competition. The preference will be given to investors, who will offer maximum sum.
Company's authorized capital is AZN 1.2mln. The number of issued stocks is 627,900. The nominal cost of one paperless stock is AZN2. Some 623,600 stocks are offered.
Company's liabilities comprise AZN 626,000 including arrears of wages - AZN58,100 and accounts receivable - AZN 74,300.
Investors must propose an investment program to show sum, term and directions of investments in order to introduce high-performance electric equipment.
Competition will be held in the State Committee on 15 October.
The correspondent can be contacted at: [email protected]