Important news for car shareholders
According to Tejarat News, Hojjatullah Abdolmaleki has stated in his letter: The National Pension Fund, through its two subsidiaries, owns 8.03% of the shares of Iran Khodro Industrial Group, which according to the current value of 506 thousand billion Rials of Iran Khodro in Tehran Stock Exchange , More than 40,000 billion rials of assets belonging to retirees covered by the fund (based on the micro value of nine blocks) without any economic return has been seized for many years and due to the accumulated loss of about 350,000 billion rials of the company Even assuming that Iran Khodro becomes profitable in the coming years, it is not possible to obtain cash returns from this share for many years.
At present, Iran Industrial Development and Renovation Organization owns 13.84% and Iran Khodro Company through its subsidiaries and affiliates about 24.36% (10.87% owned by Iran Khodro Investment Development Group, 10.33%). It has a percentage belonging to Sepehr Kish Iranian Trading Company and 3.16% belongs to Samand Investment).
In order to finance the state pension fund, the government as well as Iran Khodro Company in order to repay the debts through the transfer of dividend shares (through intermediaries), it is suggested that the mentioned shares be consolidated and by submitting a power of attorney to the privatization organization, the possibility of transferring 46%. 23% management of Iran Khodro shares with block price is possible and the necessary incentive is provided for the private sector to buy the shares of this company.
The full text of the letter can be seen below:
