Capital assets of "Azerbaijan Caspian Shipping Company" increased

Capital assets of "Azerbaijan Caspian Shipping Company" increased This was due to the increase in the number of company's shares
Finance
August 4, 2016 10:05
Capital assets of Azerbaijan Caspian Shipping Company increased

Baku. 4 August. REPORT.AZ/ The Cabinet of Ministers of the Republic of Azerbaijan have made amendments to the decision of 24 January 2014 on the approval of the "Azerbaijan Caspian Shipping" s charter and structure. 

Report informs, according to the amendments, the company's authorized capital increased by 14.77% or 56 630 377 AZN.

So, with the nominal value of 1 share equal to 1 AZN, authorized capital of "Azerbaijan Caspian Shipping Company" till now formed based on 1 383 420 621 shares and after the changes the number of shares reached 440 050 998 and accordingly authorized capital amounted to 440 050 998 AZN.

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