The majority shareholder of “Asia-West-Bishkek Trading House” is preparing a mandatory buyout of shares

A corporate “purge” is brewing at the closed joint-stock company “Asia-West-Bishkek Trading House.” The majority shareholder, who controls more than 80% of the capital, intends to initiate a compulsory buyout of shares from some minority shareholders through the courts.

This concerns so-called “dormant” shareholders—those who have not participated in annual meetings or updated their contact information over the past ten years. The basis for this is Article 71-1 of the Law “On Joint-Stock Companies,” which allows for the consolidation of shares in such cases.

This is an attempt by the majority shareholder to restructure ownership to simplify company management. The company has given shareholders two months to come forward and update their information. After that, the process may proceed to the legal stage.

Asia-West-Bishkek Trading House CJSC has been operating in the market since the early 1990s. The company specializes in real estate leasing. At the time of the company’s re-registration in April 2013, it had 30 founders. However, their number may soon decrease significantly.