ID :
127601
Sun, 06/13/2010 - 14:08
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Shortlink :
https://www.oananews.org//node/127601
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Iran's copper Co. ceding shares
TEHRAN, June 13 (MNA) -- A 1-percent block of shares of the National Iranian Copper Industries Company are offered on the stock market today.
The block of shares equals 57,896,446 shares with 7908 rials (some $0.7) as base price.
According to Iran’s Fourth Five-Year Economic Development Plan (2005-2010), IPO, the Iranian Privatization Organization, affiliated to the Ministry of Economic Affairs and Finance, is in charge of setting prices and offering shares to the general public and on the stock market.
In 2007, Supreme Leader Ayatollah Ali Khamenei ordered that government officials speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization.
The block of shares equals 57,896,446 shares with 7908 rials (some $0.7) as base price.
According to Iran’s Fourth Five-Year Economic Development Plan (2005-2010), IPO, the Iranian Privatization Organization, affiliated to the Ministry of Economic Affairs and Finance, is in charge of setting prices and offering shares to the general public and on the stock market.
In 2007, Supreme Leader Ayatollah Ali Khamenei ordered that government officials speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization.
