Uzbekistan’s car manufacturing company to issue shares for public offering
BAKU, Azerbaijan, Sept. 19
By Klavdiya Romakayeva - Trend:
State UzAuto Motors JSC in Uzbekistan has announced a competition to organize an initial public offering of shares, Trend reports with reference to uzdaily.uz news agency.
UzAuto Motors JSC is planning to issue additional shares in the amount of up to 10 percent of the authorized capital.
As indicated in the announcement, the participants in the competition can be investment intermediaries or commercial banks of Uzbekistan that meet the following requirements:
availability of an appropriate license;
the participant must not be in the process of liquidation and/or bankruptcy, and must be insolvent;
the participant must have all the types of resources, competence, experience, qualifications necessary for the implementation of the contract;
the participant must give guarantees or offers, together with other investment intermediaries, on participation in the organization of a subscription campaign and on the volume of redemption of the unrealized part of the shares.
Foreign consultants can participate in a consortium with licensed investment intermediaries and/or investment intermediaries that can attract foreign consultants.
The applications for participation in the competition are accepted till 17:00 (GMT +5) — Sept. 30, 2020.
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