TTZ to raise charter capital up to 37.973 bn soums

According to the decision of shareholders, the plant will place 35,017,967 ordinary shares with par value of 1,000 soums.

Shares will be placed on closed subscription and sold to State Property Committee of Uzbekistan.

Shares will be paid due to write off of debts of TTZ for budget and assets of the state, transferred to TTZ as equipment of Agregat Zavodi, Tashqishloqmash and Uzbekqishloqmash.

According to TTZ, these assets were valued at 991.122 million soums.

In the result of the placement, charter capital of the company will grew from 2.954 billion soums to 37.973 billion soums.