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Finance 28/04/2011 Asaka Bank to increase charter capital by 14.5%
Asaka Bank to increase charter capital by 14.5%
Tashkent, Uzbekistan (UzDaily.com) -- State joint stock commercial bank Asaka (OJSC) is planning to increase its charter capital by 14.5% within a year.

Shareholders of the bank adopted decision on increasing authorized capital from 315.6 billion soums to 361.3 billion soums, the bank said in a statement.

Shareholders of Asaka Bank approved emission of 868,822 ordinary shares with par value of 52,600 soums each. Total volume of the emission will make up 45.7 billion soums.

The shares of the issue will be placed on open subscription within a year after the registration of the prospectus of emission. The shares will be placed on market value, but not less than their par value.

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