Freedom Finance to hold SPO of shares of Qoqon Mechanics Plant on the exchange
Tashkent, Uzbekistan (UzDaily.com) -- The investment company Freedom Finance LLC was recognized as the winner in the tender for the selection of investment intermediaries announced in connection with the planned secondary public offering (SPO) of shares in Qoqon Mechanics Plant (Qoqand) on the stock exchange.
This information was disseminated by the National Bank for Foreign Economic Activity of the Republic of Uzbekistan with reference to the relevant Resolution of the Cabinet of Ministers of the Republic of Uzbekistan.
As a winner of the contest, Freedom Finance will be engaged in forming a temporary association of underwriters, who will accompany the SPO of the Qoqand machine-building enterprise.
The decision to conduct the SPO was taken by the State Committee of Uzbekistan to promote privatized enterprises and promote competition in late 2017. During the SPO, retail investors will be able to purchase securities from existing shareholders of the company. The number of shares to be placed and their value will be determined later.