Bank Of Baku

Gunay Sigorta increases authorized capital

Gunay Sigorta increases authorized capital
# 21 July 2010 16:46 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Gunay Sigorta OJSC.

Issue volume AZN 1.050 mln
Quantity of shares 1 050
Par value AZN 1000
Underwriter Standard Capital

According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.

Gunay Sigorta has been in operation since 1992. 51% of authorized capital is local, 49% foreign capital. The shareholders of the company are Gunaybank (34.62%) and two local individuals (65.38%). The current capital of the company is AZN 1.6 mln. It will restore the licence during the next month.
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THE OPERATION IS BEING PERFORMED