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Economy 10/08/2010 Qoqandspirt to raise charter capital to 12.356bn soums
Qoqandspirt to raise charter capital to 12.356bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Qoqandspirt open joint stock company will direct major part of net income for 2009 for development of production, the statement of the company said.

The company said shareholders distributed net income for 2009 at the size of 2.796 billion soums. The company will direct 139.825 million soums to reserve fund and 428.56 million soums to payment of dividends. The dividend size per share makes up 42.32 soums. Number of shares, on which dividends are paid, makes up 10.127 million soums with par value of 1,000 soums each.

Qoqandspirt will direct 2.228 billion soums to development of production through capitalization and raising charter capital.

In the result of capitalization, the charter capital of the Uzbek enterprise will reach 12.356 billion soums. The company said the par value of shares will rise from 1,000 soums to 1,220 soums.

Qoqandspirt open joint stock company (former Novoqoqand chemical plant) was commissioned in 1983. The designed capacity of the plant is 500,000 tonnes of sulphuric acid and 163,500 tonnes of ammophos a year. In 1991, the enterprise was rebuild to produce edible ethyl alcohol.

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