OREANDA-NEWS. November 26, 2009. State-governed leasing company AqroLizinq (Azerbaijan) is likely to place its shares at the Baku Stock Exchange.

The BSE reports that the State Committee for Securities has registered the issue prospectus of AgroLizing’s ordinary registered book-entry stocks with state registration number AZ100100544P.

According to the issue prospectus, the placement will be conducted by public   offering at the BSE with Standard Capital LLC’s underwriter services.

AqroLizinq got the right to place stocks for 15 million manats or 7.5 million shares with face value of 2 manats each.

Persons intending to buy stocks can apply to BSE member organization with brokerage license.

Company’s current charter capital is 20 million manats and the new issue will increase it by 75%. In case of sales of stocks in private hands, the private capital will own a 42.86% equity stake in AqroLizinq.