ATA HOLDING PLANS TO BRING AUTHORISED CAPITAL TO $1,09 MILLION
Ata Holding plans to bring the authorized capital to 500 billion AZM ($1,09 million at the exchange rate of the National Bank on 23.09.05, the Holding chairman Ahmed Erentok said in a statement, Trend reports. According to him, the enterprise will ensure the authorized capital in the amount of 300 billion AZM. "In October the poultry farm in Sheki will be opened and all the nestlings will be brought to the factory till the month-end. Opening of the factory and the
meat-and-milk enterprise will be held during the visit to the regionвЂќ, he noted.
The holding chairman has not ruled also out, that the volume of the authorized capital by the end of 2006 may reach 700-800 billion AZM. He reported the agreement with Ernst&Young for conducting audit has been concluded. "They will conduct auditing and estimate the holdingвЂ™s assets. They started working and during 3-4 months we will be able to name the real market price of the holdingвЂќ, he noted.
Рђhmed Erentok said also, that issue of the Ata Holding stocks is planned. В"We will open Ata Holding to the people. Emission will take place the next year. We want to place stocks in the amount of 15% at the Istanbul and London stock exchanges. We signed a preliminary agreement on setting up the Joint Venture between the German Keter and Ata Security.