with the offering price lower than 90 percent of the market price, to a specific investor or group of investors whether in private or public. Calculations of the offering price Shares

disclosed in the filing. The buyers of the units shall settle unit subscription in cash or cash-equivalence. The number of units allocated to any persons or a group of the associated persons shall not be over

business in the group of the securities issuing company, who holds a position or the line of work responsible for or capable of accessing inside information;   (3)  Ascendant, descendant, child adopter

business in the group of the securities issuing company, who holds a position or the line of work responsible for or capable of accessing inside information;   (3)  Ascendant, descendant, child adopter

-third of its maximum capacity to an​ individual client, or to a group of associated persons, in case that the buyers/end users of product/services are not the government agencies. This is not applied on

-third of its maximum capacity to an​ individual client, or to a group of associated persons, in case that the buyers/end users of product/services are not the government agencies. This is not applied on

as a juristic person or as a group of persons; (3)  a copy of financial statement of the latest three years, or, in case of a registered group  of  persons, profit and loss statements of the latest

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