Processing KG became a joint-stock company and listed its shares on the KSE

Today, 22 July, the Kyrgyz Stock Exchange held the initial public offering of shares in OJSC Processing KJ. The company placed 200,000 ordinary shares at a price of 1,000 soms per share.

The total amount of the offering was 200 million soms. The transaction was conducted as a non-listing.

The company previously existed as a limited liability company (Processing KJ LLC), but on 25 April this year, the company's activities were terminated, as recorded in the Ministry of Justice. Three months later, on 10 July, a company with a similar name was registered, but this time as a public joint-stock company. It is worth noting that the founders of OsOO Processing KJ were the State Development Bank and ZAO Alfa Telecom. At the same time, the company had foreign capital.

In turn, the open joint-stock company shows 100% domestic capital and does not disclose the list of founders, but indicates that it now has only one.

At the same time, the head of the company in both cases is the same person, Ulan Bukabaev, and the activities are in the field of information technology and computing.