The government will increase the capital of “Ala-Too Resort” by another 1.5 billion KGS

The authorized capital of “Ala-Too Resort” will be increased by 1.51 billion KGS—from 5.5 billion KGS to 6.99 billion KGS. The company’s sole shareholder adopted the corresponding resolution on August 12.

To recapitalize the company, it will issue 1,510,000 additional common registered shares with a par value of 1,000 KGS each. The securities will be placed in a private placement with the sole shareholder.

Payment for the shares will be made using state funds in KGS via non-cash transfer. Upon completion of the placement, the total number of the company’s shares will reach 6,993,736. All 100% of the voting shares will continue to be owned by the state.

Thus, the authorized capital of “Ala-Too Resort” will increase by 27.5%.

As the company notes, the capital increase is necessary to finance its operations and further implement the project of national importance, “Ala-Too Resort All-Season Mountain Cluster.”

As a reminder, the project is being implemented in Jyrgalan, Issyk-Kul Region, with the support of the Cabinet of Ministers. It involves the creation of an all-season tourism cluster featuring ski slopes, ski lifts, and hotel and service infrastructure. In the winter, the resort plans to welcome downhill skiers and snowboarders, while in the summer it will focus on developing hiking, horseback riding, and ecotourism, according to the project’s official website.