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Economy 13/09/2012 Uzprommashimpeks to place shares for 9.375bn soums
Uzprommashimpeks to place shares for 9.375bn soums
Tashkent, Uzbekistan (UzDaily.com) -- The state joint-stock foreign trade company Uzprommashimpeks will increase its charter capital up to 9.735 billion soums.

The decision of the company on issuing shares was registered by the Center for securities market of Uzbekistan on 12 September 2012.

In line with the prospectus of emission, the company will issue 50,000 ordinary shares with par value of 194,700 soums each. Total volume of emission is 9.735 billion soums.

The shares of the emission will be placed on closed subscription among shareholders through replacement of old securities to new ones.

The state joint-stock foreign trade company Uzprommashimpeks started its activity in 1 January 1991 and operating in system of Ministry for Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan.

The company specializes in export of industrial and agricultural products, cotton-fibre and, as well as, in import of the different kind of techniques, technological equipment and other goods. The company’s website said that its annual turnover is nearly US$500 million and the geography of trade activity comprises more than 35 countries.

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