BSE will be the public area for the first (not closed) placement of securities. The issuer of the pioneer IPO (Initial Public Offering) is a local company Golden Pay, which is preparing for the final stage of preparation for the sale of shares.
According to representatives of the issuer, already known are not only the parameters, but also the approximate date of the IPO. For the purpose of the authorization will be soon held a general meeting of shareholders, after which the parameters and timing of initial placement will be published in the local press. The placement is tentatively scheduled for the 4th quarter of the year, the management of the company said.
To conduct initial public offering at Baku Stock Exchange, the company Golden Pay previously held corporatization. The authorized capital of Golden Pay is declared at the level of 571 thousand. AZN - 571 thousand shares with par value of 1 manat. -17D-
Economics
-
The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
-
The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
-
As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
-
Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
Leave a review