Tashkent, Uzbekistan (UzDaily.com) — The Agency for State Asset Management (AUGA) has announced an extension of the application deadline for the acquisition of a 70% state share in UzChasys, a joint venture specializing in the production of automotive lighting systems.

Two international investors have been approved for privatization, and the deadline for submitting binding offers has been extended to 15 March.

UzChasys was established in 2008 in Namangan and has a charter capital of 12.96 billion soums.

Additionally, 30% of the company is owned by South Korea’s AMS CO.LTD, which has also expressed interest in selling its stake under the same conditions as AUGA. However, the sale of the state share does not obligate AMS CO.LTD to sell its portion, allowing other investors to participate in the process.