When, how much and how: Answers to FAQs about the final funding stage
When will the project "Duyunov's motors" go to the final funding stage?
The transition will take place once the goals of the current stage 19 are met, namely after the certificate of construction completion is issued to the "Sovelmash" D&E. The exact date of the stage change will be announced on November 16 at the SOLARGROUP Conference in Moscow.
How long will the final stage last?
The final stage will be over once its goals are met: the "Sovelmash" D&E is put into operation, the receipt of company's shares by investors is organized, and the project funding is completed. The timeframe depends on the funding rate and the red tape involved.
How will the conditions for investors change at the final stage?
• The shares will go up in price by up to 40% depending on the package denomination.
• Installment plans lasting 20, 25, and 30 months will be discontinued.
• Installment plans for $ 500, $ 750, $ 1,000 and $ 1,500 packages will no longer be available.
• The difference in discount for packages purchased in installments and in a lump-sum payment will increase and amount to 33%.
• Recovery of any cancelled installment plans will no longer be available.
Invest now, at stage 19 - the conditions are currently much more beneficial than they will be at the final stage!
Cadastral appraisal and new equipment
The first cadastral value estimate for the "Sovelmash" D&E has been obtained. The building with an area of 14,887.1 square meters was valued at 861,234,217.58 rubles. Such valuation is required, among other things, for taxation purposes.
This is the amount that the real estate tax will be withheld from and paid by the company in 10 years. So far, being a SEZ resident, "Sovelmash" enjoys a preferential rate of 0% for this tax.
Other news: three new machine units have arrived at "Sovelmash", as well as various tools for these units: cutters, taps, drills. Thus, the company continues to actively prepare for commissioning the enterprise. And it is simultaneously addressing the comments received from the state commission.
While waiting for these activities to be completed, we would like to invite you to enjoy the beauty of the engineering center built with your investments. Your support still plays an important role in the company's efforts to purchase new equipment and tackle other tasks.
