Hamrah-e-Avval bought 100% of the shares of Mehregan Capital Pars Investment. This company is the main shareholder of “Asiatech” and according to the sale agreement, it will appoint 2 members of the board of directors as Hamrah-e-Avval. An issue that allows this operator to control Asiatech as much as possible.
Accordoing to Ideaagency, with the publication of an announcement in Codal, Hamrah-e-Avval announced that has bought Mehregan Capital Pars Investment Company for about $18M. This investment company owns 24.5% of Asiatech shares. Mehregan Capital Pars is one of the 5 members of the board of directors of Asiatech and is the chairman of the board of directors of this company.
According to this contract, until the definitive transfer of shares to the name of the buyer, Hamrah-e-Avval will introduce 2 people to be members of the board of directors of Asiatech Data Transfer Company, and the sellers are obliged to replace them with the current representatives of Mehregan Capital Pars and Mobin One Kish Company. Hamrah-e-Avval will have more control over this internet service provider company by appointing 2 members out of 5 members.
The companies “Gostaresh Electronic Tadbir Iran” (a subsidiary of Farman Imam’s executive headquarters), “Mobin One Kish”, “Davin Innovation Stars”, “Mana Mine Innovation Andisheh” and “Bahman Entrepreneur Development” were the 5 shareholders of Mehregan Capital Pars, who gave all their shares to They handed over Hamrah-e-Avval.
The settlement of the transaction is that about $2M of the amount of the contract has been paid on December 11 this year, and the rest of the amount will be paid to the sellers in several checks within the next 8 months.
It should be noted that according to the financial statements of 2023, Mehregan Capital Pars had more than $1.7M of listed and non-listed shares.
No Comment! Be the first one.