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THE ABOVYAN BEER FACTORY SHARES' UNIFICATION FAILED

Economy

The ownership deprivation of the share holders by share unification becomes prevalent in Armenian opened share holding companies.

In 2001 during the Abovyan beer factory out of turn meeting a decision was made to include 1000 shares in 1. According to another decision those share holders who won't demand the shares' buying back or will be against the shares unification will be deprived of their ownership.

The stock committee protest was granted by the review court and then by the court of appeals. Besides, the stock committee demanded the company to be registered in the committee as an accountable share issuer.