"Returned Asset Management Company" LLP announces the successful completion of the auction auctions held on July 2025 and 30, 31 on the E-Qazyna electronic platform. During the auction, 14 exclusive watches and collectible coins "Bata", "Betashar", "Suyindir" were sold. The total transaction amount was 117 tenge.
The bidding was conducted in an open and transparent manner, ensuring equal access for all participants. The electronic format of the bidding increased transparency and eliminated the possibility of unfair interference in the process.
The pre-sale preparation is particularly noteworthy, as it played a crucial role in the successful sale of the assets. Although all the watches were previously used, the quality preparation allowed them to be presented effectively at auction. As a result, buyers highly appreciated the condition and value of the watches.
According to the auction results, 14 watches were sold for a total of 117,6 million tenge, while the initial price was 102,5 million tenge. The increase in value was 14,7%, which clearly demonstrates the effectiveness of the company's asset sales strategy.
According to the established procedure, within 10 business days after the end of the auction, a purchase and sale agreement is concluded between the winner and the seller. The asset is transferred to the winner only after the full amount of funds in accordance with the terms of the agreement is credited to the seller's account.
Proceeds from the sale will be transferred to the Special State Fund. The funds of this fund will be directed to financing socially important projects, such as education, healthcare, infrastructure, and support for socially vulnerable groups.
The activities of "Returned Assets Management Company" LLP, which is engaged in the sale of returned assets, are aimed at ensuring the efficiency, transparency, and benefit of the return of assets to the state.