TASHKENT, Uzbekistan, April 5. Uzbekistan's Shargunkumir JSC will place shares worth 10 billion soums ($788,077), Trend reports.
According to Uzbekistan's National Agency for Prospective Projects (NAPP), Shargunkumir JSC will issue and place 10 million common shares with a nominal value of 1,000 soums each ($0.079).
The shares will be placed by closed subscription.
Earlier, President of Uzbekistan Shavkat Mirziyoyev signed a law on the gradual increase of the minimum amount of authorized capital. This indicator should be 350 billion soums ($27.7 million) from the beginning of April and 500 billion soums ($39.6 million) from the beginning of January 2025.
Meanwhile, Uzbekistan's Madad Invest Bank will issue common shares for a total of 150 billion soums ($11.9 million) for additional capitalization.
As per data published on Uzbekistan's unified portal of corporate information, the bank intends to bring its authorized capital to 350 billion soums ($27.7 million).
The bank will place 30 million common shares with a nominal value of 5,000 soums each ($0.40).
