According to reports, CafeBazaar has succeeded in obtaining admission to the OTC, and now this startup is the second company that has entered the OTC after Tapsi.
According to Ideaagency,
Previously, the former CEO of CafeBazaar said: “The process of entering the stock market is very complicated and strange. We are preparing ourselves and handling the company’s financial statements, and we hope to go through this process as soon as possible.” However, going through these processes took almost 4 years.
About a month ago, in the assembly of Sarava company, it was approved by the majority of shareholders that the shares of Sarava company in “Hezardastan Holding” be sold to Hezardastan itself. Sarava owned about 12% of Hezaradastan shares. Hezardostan Holding is the owner of CafeBazaar, Divar, Sotoon, Balad and Karnameh companies.
As a result of various valuations, the total value of Hezardastan shares was estimated at $696M, and after the decision of the Sarava assembly, it was decided that with a 30% market discount, the amount of $60M would be given to Sarava in exchange for 09.12% of Sarava’s shares in Hezardastan. be paid and distributed among the shareholders of Sarava.
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