...

Azerbaijani “Joint Leasing” increases capital by 80 percent

Business Materials 1 August 2013 15:03 (UTC +04:00)
The State Committee for Securities (SCS) of Azerbaijan has registered the emission prospectus of ordinary documentary nominal shares of "Joint Leasing Company" JSC, for 1.26 million manat.
Azerbaijani “Joint Leasing” increases capital by 80 percent

Azerbaijan, Baku, August 1 /Trend, A.Akhundov/

The State Committee for Securities (SCS) of Azerbaijan has registered the emission prospectus of ordinary documentary nominal shares of "Joint Leasing Company" JSC, for 1.26 million manat, a committee report published on its website on Thursday said.

According to the report, the placement of emission will be carried out by converting around 3500 shares with a nominal value of 360 manat for each, into the same amount of shares with a nominal value of 200 manat. As a result, the company's authorized capital will increase by 80 percent - from 0.7 million manat to 1.26 million manat.

"Joint Leasing Company" JSC began functioning on June 14, 2007 as a legal successor of "Azerilizing" company. The founders of "Joint Leasing Company" are the British "DH Leasing LTD" company ( 52.4 percent) and the International Bank of Azerbaijan (47.6 percent). The company's authorized capital is 700,000 manat.

The official exchange rate for August 1 is 0.7845 AZN/USD.

Tags:
Latest

Latest