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Finance 06/01/2011 Asia Alliance Bank to issue shares for 17.649 billion soums
Asia Alliance Bank to issue shares for 17.649 billion soums
Tashkent, Uzbekistan (UzDaily.com) -- Asia Alliance Bank private open joint stock commercial bank will issue ordinary shares for 17.649 billion soums.

The Center for coordination and control of functioning of securities market of Uzbekistan registered the prospectus of emission of the bank on 29 December 2010.

In line with the emission, the bank will issue 70.597 million ordinary shares with par value of 250 soums each. Total emission of shares will make up 17.649 billion soums (US$1 - 1640.55 soums).

The shares of the emission will be placed through closed subscription through off-exchange unorganized security market. The shares of the emission will be also listed to Uzbekistan Stock Exchange “Tashkent”.

Asia Alliance Bank private open joint stock commercial bank started its activity in line with the Central Bank of Uzbekistan No. 79 from 15 August 2009. The priority direction of the bank’s activity is to finance projects of small and private businesses.

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