“Kyrgyzindustry” raised over 266 million KGS on the stock exchange

The open joint-stock company “Kyrgyzindustry” conducted a share offering on the Kyrgyz Stock Exchange.

At the close of trading on March 27, the shares were sold at a price of 1,000 KGS per share, with a total volume of 266.2 million KGS. More than 266,000 shares were sold in a single transaction.

The company was established in 2022 with a charter capital of 1 billion KGS. As of the end of the first quarter of 2025, Kyrgyzindustry held stakes ranging from 14% to 100% in 50 legal entities, forming a broad portfolio of assets across various sectors.

Initially, the company was established to modernize industry and improve the efficiency of state asset management. However, by the end of the first quarter of 2025, the company itself reported a loss. It amounted to 23.5 million KGS, and the accumulated loss stood at 264.1 million KGS.

The level of transparency raises additional questions. Despite the transaction being conducted on the stock market, there is virtually no up-to-date information about the issuer available on the exchange, which makes it difficult to fully assess the company’s operations.