Issue of Shares of JSC Azerkhalcha Registered

The Financial Markets Supervision House registered the issue prospectus of shares of the state JSC Azerkhalcha on November 21.

As Turan was told in FMSH, there were issued 15 million ordinary shares with par value of 1 manat each. The shares will be placed through closed subscription.

The JSC was created in May of this year by the Head of State with a view to the development of carpet weaving in the country.

It was reported that the JSC at the expense of public funding will create a carpet shop in 10 regions of the country. The joint stock company operates under the Ministry of Economy.

FMSH has not yet opened the state register of securities issues. The House reports on individual securities issues through the press service. ---9B

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