Sharq to raise its charter capital up to 4.738bn soums

The shareholders of the company adopted decision to direct 2.019 billion soums of undistributed income of previous years to capitalization of the charter capital. Currently, the charter capital stands at 2.718 billion soums.

According to the company, the par value of shares will grow from 1,000 soums to 1,743 soums.

The shareholders adopted decision to issue 2,650,188 ordinary and 67,973 preferential shares with nominal value of 1,743. The shares will be replaced with old securities with par value of 1,000 soums.