Ahangarancement to place new emission of shares for 4.682bn soums

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Economy 24/09/2009 Ahangarancement to place new emission of shares for 4.682bn soums

Ahangarancement to place new emission of shares for 4.682bn soums

Tashkent, Uzbekistan (UzDaily.com) -- Ahangarancement, one of the largest cement producers of Uzbekistan, will issue new emission of shares to raise its charter capital. The company registered emission with the Center for securities market on 26 August 2009.

The company said it will issue 4,682,531 with nominal value of 1,000 soums each. The company plans to raise 4,682,531,000 soums from the emission. The shares will be placed on open subscription.

Earlier, the company placed 246,375 shares, of which 3,844 are preferential stocks, with par value of 1,000 soums.

The placement of shares will raise the charter capital of Ahangarancement from 246.375 million soums to 4.928 billion soums.

Based in Tashkent region, Ahangarancement produced 1.839 million tonnes of cement in 2008 against 1.63 million tonnes in 2007.

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