Freedom Finance launches SPO in Uzbekistan. As part of the secondary placement, it plans to sell 2.2 million shares.
Freedom Finance announced the launch of a road show at the Kokand Mechanical Plant of Uzbekistan. This was announced by the general director of the investment company Timur Turlov, reports LS.
The company's entry into the market will take place within the framework of an SPO (secondary placement of shares).
"The decision to enter the company's shares on the stock exchange was made by the government of Uzbekistan within the framework of the national strategy for enterprise privatization. Freedom Finance became the organizer of the subscription campaign and signed a partnership agreement with the Tashkent stock exchange in September of this year," he said
Turlov believes that the shares of the Kokand Mechanical Plant are a profitable investment. According to him, they can be purchased both for speculative purposes and for investment in order to receive income in the form of dividends.
"Since 2013, from 13% to 15% of net profit goes to dividend payment, in 2017 their value reached 1.3 billion soums. The main customers of the plant are companies that are part of the national holding company Uzbekneftegaz, which automatically ensures its reliability and stability, "he explained.
As part of the secondary placement (SPO), it is planned to sell 2.2 million shares, which will reduce the share of Uzneftegazmash to 64.08% and increase the share of other shareholders to 35.92%.
The shares of Kokand Mechanical Plant can be purchased by individuals and legal entities, as well as foreign investors.
Kokand Mechanical Plant is the leader of the engineering industry of Uzbekistan and a key supplier of Uzbekneftegaz. The main shareholder is Uzneftegazmash.
News 
Market Data 
Discover 
