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Selling of assets of considerable value by PROCHEM S.A.


Selling of assets of considerable value by PROCHEM S.A.

Date of publication: 23.03.2011

On 22 March 2011, on the basis of the contract for sale PROCHEM S.A. sold 2,401 shares of nominal value of PLN 500 each, of total value of PLN 1,200,500 of the company ADVANCED SOLUTIONS INTERNATIONAL POLSKA Sp. z o.o. with registered office in Zabrze to Maintpartner Group OY Finnish Limited Liability Company with registered office in Espoo.

Price of the purchase/sale of the share – PLN 5,450,000

The book value of these assets in account books of the issuer as at 31 Dec. 2010 amounts to PLN 3,361,000

The criterion for recognizing of the above that PROCHEM S.A. sold more than 20% shares of company ADVANCED SOLUTIONS INTERNATIONAL POLSKA that is all shares held in this company i.e. 90 %. 90%.