Tashkent, Uzbekistan (UzDaily.com) -- Almalyk Mining and Metallurgy Combine (AGMK) will increase its authorized capital to 643.41 billion soums.

According to the company, the owner of shares of AGMK made a decision to increase the authorized capital of the company from 359.28 billion soums to 643.41 billion soums by issuing additional shares for a total par value of 284.12 billion soums.

The authorized capital will be increased by increasing the share of the state represented by the State Assets Management Agency.

Payment for shares is carried out by transferring a 100% stake in Kyzylkum Phosphate Complex at par value (284.12 billion soums).