Azerbaijani leasing company's shares included in non-quotation list of BSE

Azerbaijan, Baku, Nov. 20 / Trend A.Akhundov /

OJSC "Qafqaz Lizinq" applied to CJSC "Baku Stock Exchange" (BSE) for inclusion of its ordinary registered book-entry shares to the non-quotation list of BSE.

The start of the OJSC"Qafqaz Lizinq"s shares placement is planned to be held beginning from Nov. 22, 2010, BSE reported.

Earlier the Azerbaijani State Securities Committee has registered preference shares issue of Azerbaijani Leasing Company Ltd. "Qafqaz Lizinq" worth 408,000 manat.

The State Committee has registered 408 shares at par value of each 1,000 manat

At present, the company's authorized capital is 1.5 million manat. As a result of the placement, the company's capital will be raised to 1.9 million manat.

JSC "Qafqaz Lizinq" was established in October 2007. The Company's 100-percent of founder is NAB Group of Companies. The company services cover automobile sector, as well as construction, food, textile, tourism, agriculture, petrochemicals and other spheres.

The official exchange rate is 0.8 manat to $4 Nov. 20.