Ali Akbari in the press conference of subscription of shares of “Tajli” company in OTC: “Tajli” has on the one hand the initial public offering and on the other hand, the capital increase and deprivation of the preemptive right
The CEO of Tajli Mining and Metals Development Company said: “There is a steel chain from mine to steel in” Tajli “; This company has been formed with the presence of shareholders such as “Vamaden”, Chadormelo and Gol Gohar.
According to a Bourse Times reporter, The press conference of the subscription of shares of “Tajli” company in OTC, on the eve of the entry of this stock symbol, this afternoon, Sunday, November 21, 1400, with the presence of Amir Hossein Naderi, CEO of Mines and Metals (and Mines) Investment Development Company, Morteza Ali Akbari, CEO of Tajli Development Company Mines and Metals, Nasser Taghizadeh, CEO of Chadormelo Mining and Industrial Company, a group of managers and members of the board of directors of “Vamadan” and members of the media, was held in the Pearl Meeting Hall of the permanent location of Tehran International Exhibitions.
Morteza Ali Akbari, CEO of Tajli Mines and Metals Development Company
Morteza Ali Akbari, CEO of Tajli Mines and Metals Development Company, said in the continuation of this press conference: Tajli Company is constructing 5 large steel chain projects in the form of three companies: Sarmad Abarkooh Steel, East Khorasan Steel and West Iranian Steel. It is used to fund these large projects.
He continued: “The percentage of physical progress of these projects will increase the stock price manifested in the OTC board and this company has the best projects in its possession from concentrate to pelletizing, production of sponge iron and production of steel products.”
The CEO of Tajli Mining and Metals Development Company said: “Tajli” has on the one hand the initial supply and on the other hand, the increase of capital and deprivation of the right of priority.
Ali Akbari added: “Investors were looking to introduce projects in” Tajli “that have both economic justification and can be attractive in the initial public offering to buy shares.
He went on to say: There is a chain of steel from mine to steel in “manifestation”; This company has been formed with the presence of shareholders such as “Vamaden”, Chadormelo and Gol Gohar.
The CEO of Tajli Mines and Metals Development Company emphasized: “Chadormelo” had a good share in “Tajli” and has always been by our side as our main shareholder. “Golgohar” has also had good support.
Ali Akbari, at the end of his speech, said: “Stocks are very popular and are offered at a price of 100 Tomans per share.” In the worst conditions of the stock market, the stock price will not be lower than 100 Tomans and below this price, the major shareholders will buy the shares. In addition, a year of progress of manifestation projects is not included in the valuation of the company’s shares, and manifestation shares are quite valuable.
Amir Hossein Naderi, CEO of Mines and Metals Development Investment Company
Amir Hossein Naderi, CEO of Mines and Metals Development Investment Company, said at the beginning of the press conference: “Mines and Metals Development Investment Company, as the largest investment company in the field of mining industries, will offer the first public joint stock company of the project in the capital market.”
He added: “The purpose of offering Tajli shares is to direct liquidity to large projects and people’s participation in the production and development of the country.”
The CEO of the Mining and Metals Development Investment Company continued: “The collection is a manifestation of a window to a market that has not existed before.” Using capital market tools, production and development can be financed, and this is the goal of the Mining and Metals Development Company. At the same time, people are participating in high-yield projects.
Naderi said: “Fortunately, the obstacles have been removed and it seems that with this, other project-oriented companies will enter the stock market and capital market resources will be used.”
“The current flood of liquidity can be destructive or constructive,” he said. The devaluation of the rial against foreign currency has created an unprecedented opportunity for exports.
“The price of commodities is at its highest today, and the income of mining companies has never been so high,” said the CEO of Vamaden. But we must seize this opportunity.
Naderi continued: “Years ago, the main source of liquidity was limited to the money market, but today it is the local capital market for financing; This is due to tools such as sukuk bonds.
He added: “This company is a good opportunity to be able to take advantage of the country’s potential; In fact, according to the people’s capital, it defines projects and produces jobs and national wealth.
Nasser Taghizadeh, CEO of Chadormelo Mining and Industrial Company
Nasser Taghizadeh, CEO of Chadormelo Mining and Industrial Company, said in the continuation of this press conference: the country is facing a widespread drought. I hope that with the efforts of the government and companies, water transfer projects from the Persian Gulf to the Central Plateau and Khorasan will continue and new lines will be implemented soon.
He added: Chadormelo will soon announce good news in the field of production of desalination membranes in the country and the country will become self-sufficient in this field. With the production of membranes in the country, the cost of seawater desalination is reduced.
The CEO of Chadormelo Mining and Industrial Company stated: Chadormelo has defined a new investment of about 80,000 billion Tomans, the main contractors of which will be determined and the rest will be determined by the end of the year.
Taghizadeh, at the end of his speech, said: “Our definite priority for these projects will be cooperation with” Tajli “company.
According to the report, Tajli Company is the first project-oriented company in the capital market, and its shares will sit in the basket of buyers with the support of major and fundamental stock market symbols such as “and Mines”, “Kachad” and “Kegel”. In the public subscription of “Tajli”, 15% of the shares of this company will be offered to the public by depriving the current shareholders of the preemptive right, at a price of one thousand Rials per share.
It is worth mentioning that the underwriting of the shares of “Tajli” Mining and Metals Development Company will start on Tuesday, December 23rd, 1400, through the OTC trading system of Iran.
Samad Yousefi – Stock Exchange Reporter
