The Board of Directors of Yavor AD-Varna authorized the company's executive director to lead negotiations with potential buyers of land and production buildings owned by the company, BSE reported.

As of March 26, 2007 the company has stopped production and closed down some of its departments.

The company shut down some of its main groups – its Furniture factory, Steam Station, The Material-technical Supply group and Drying house.

Te Board of Directors also approved a decision to end the labor contracts of the workers in these groups till March 30, 2007.

Yavor AD posted net profit in the amount of 1.202 mln leva for 2006 compared with 4,000 leva for the previous year. Interkom Group Ltd owns 47,62% of the capital and Siona Ltd has 14,14%.

It became clear today that Yordan Yordanov has transferred all his 12 307 shares representing 10.94% of the capital. Hristo Hristov on the other hand has aqcuired 12.6 000 shares or 11.2% of the capital.

A total of 4,000 of the company's shares changed hands today at 16.60 pre share.