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State-run KazMedTech JSC's shares on sale via tender

Business Materials 20 November 2017 13:08 (UTC +04:00)

Baku, Azerbaijan, Nov. 20

By Ali Mustafayev – Trend:

The State Property and Privatization Committee of the Ministry of Finance of Kazakhstan announced an electronic tender for the transfer of 100 percent of the charter capital of KazMedTech JSC state property to trust management with the right of subsequent redemption for a period of 3 years, according to the Ministry of Finance of Kazakhstan.

The transfer of state property to trust management will be carried out in accordance with the Rules for the transfer of state property to trust management, approved by the order of Minister of National Economy of the Republic of Kazakhstan dated January 16, 2015 No. 17.

The KazMedTech JSC is mainly engaged in organization and carrying out the procurement of medical equipment for further transfer to healthcare organizations on terms of leasing.

The state package includes 6,348,163 shares (100 percent). The authorized capital of the company is 6.3 billion tenge. Own capital of the company is 6.8 billion tenge (as of July 31, 2017).

Starting price is 6.8 billion tenge. The tender will be held at 10:00 on December 5, 2017 (GMT +5), on the web portal of the State Property Register, www.gosreestr.kz.

The Committee of the Ministry of Finance has listed a number of requirements for determining the winner and the procedure for conducting the tender to the bidders.

(Exchange rate for Nov. 20 - $1/332.21 tenge)

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