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Economy 07/07/2011 Markazsanoateksport to raise charter capital to 4.939bn soums
Markazsanoateksport to raise charter capital to 4.939bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Markazsanoateksport state joint stock foreign trade company will increase its charter capital up to 4.939 billion soums, the company disclosed.

On 22 June 2011, Markazsanoateksport registered prospectus of emission at the Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan.

In line with the prospectus of emission, the company will emit 55,000 ordinary shares with par value of 89,800 soums each. Total volume of the emission will make up 4.939 billion soums.

The shares of the emission will be placed on closed subscription among shareholders through replacement of old shares with par value of 60,700 soums to new ones with nominal value of 89,800 soums.

The company said that the part of share for 3.339 billion soums is paid on par value and other part for 1.6 billion soums will be paid due to undistributed income of previous years.

State joint stock foreign trade company Markazsanoateksport was founded in 1992. The company is a commercial organization, established under the Ministry of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan for the implementation of foreign economic activities in following fields export of goods and commodities of the leading domestic manufacturers, facilitate the import of technological and agricultural equipment for domestic enterprises needs, promotion of innovative ideas of Uzbek scientific potential in foreign markets and attract foreign investments to the most promising projects of the Republic of Uzbekistan.

The main direction of activity of Markazsanoateksport is the export of products of leading Uzbek manufacturers, occupying leading positions in their respective segments, with ISO-certified manufacturing facilities throughout the Republic of Uzbekistan.

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