Uzbekistan reveals company to hold first SPO in country
Baku, Azerbaijan, Aug. 17
By Fikret Dolukhanov - Trend:
Freedom Finance LLC, an Uzbek investment company, will engage in secondary public offering (SPO) of the Kokand Mechanical Plant JSC, the National Bank for Foreign Economic Activity of Uzbekistan said.
The decision to conduct the SPO was taken by the State Committee of Uzbekistan for Promoting Privatized Enterprises and Development of Competition at the end of 2017.
During the SPO, retail investors will be able to purchase securities from shareholders of the company.
Freedom Holding CEO Timur Turlov noted that it is an honor for their company to organize the temporary unification of underwriters at the first SPO in the history of Uzbekistan.
He said the Freedom Finance LLC entered the Uzbek market in April 2018, but has already managed to assess the potential of the market and favorable business climate.
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