Announced Lowering Capital of another Company of Silk Way

LLC Silk Way Development announced on September 12 on the lowering of the authorized capital of up to 200,000 manat. This is the second company of LLC Silk Way Holding, which arranged the capital reduction in the last 5 days.

The company was established in December 2011 with a capital of 200,000 manat. Since then, the capital is still rooted to 8 million 70 thousand manats. According to the state register of commercial legal entities, the founder of Silk Way Development is Zaur Akhundov Sanan Oglu, who is also president of the group of companies Silk Way Holding.

In April this year the company Riga International Airport and the company Silk Way Investment" signed an agreement on construction within two years of the logistics center of goods in the area of ​​5.5 hectares. The Latvian press claims that the company Silk Way Investment will invest in the project of 40 million. Euros.

According to the Register of Enterprises of Latvia, 100% of shares of the company Silk Way Investment owns registered in Baku Ltd. Silk Way Development.

Last week, the company Silk Way Airlines announced a decrease in the authorized capital of 36.8 million to 24 million 297.4 thousand manats.

The group of Silk Way Holding includes more than 20 companies in Baku and outside the country. 08B