The State Property Committee of Azerbaijan has put up for re-investment competition a 30.03% stake in JSC Genca Qennadi (Gyanja confectionery). This time the investors are required to pay 50,000 manat less as bonus to the state budget.
Applicants may submit investment proposals on the organization of the production of confectionery and other food industries. The proposals will be accepted until July 30 this year.
In addition to the investment project, the applicants must submit a proposal to transfer to the state budget not less than 550,000 manat.
Investors are offered 793,926 shares of the total amount of AZN 1,587,852. Note that these shares were previously exhibited at the cash auction for 50% of the nominal value. Now the investor is required 31.4% of the nominal value of shares.
JSC Genca Qennadi was commissioned in 1973. The company has 85 employees. The authorized capital stock amounts to 5,288,200 manat.
The obligations of Genca Qennadi on 1 June 2012 totaled 452.3 thousand manat, of which 107.4 thousand were debts on wages. The enterprise's receivables are 122.2 thousand manat. - 08D-
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