The Customs Service has invested 2.2 billion KGS in a joint-stock company

On May 28, a major transaction involving shares of the State Customs Infrastructure took place on the Kyrgyz Stock Exchange. The trading volume amounted to 2.196 billion KGS.

According to the exchange, 2,196,449 common shares of the company were sold at a price of 1,000 KGS per share. The transaction took place in the unlisted securities sector and accounted for virtually the entire daily trading volume on the KSE.

As a reminder, on April 6, the sole shareholder of the State Customs Infrastructure decided to increase the company’s authorized capital by issuing a second tranche of common registered shares. The total volume of the additional issue is 2.2 billion KGS.

It was decided to conduct the share placement in a closed format in favor of the State Customs Service. As a contribution to the company’s authorized capital, it was planned to transfer 100% of the shares in Lyazzat LLC, Nurdant Trans, and Wholesale International with a total estimated value of 2.182 billion KGS, as well as a land plot valued at nearly 14 million KGS.

Upon completion of the issuance, the authorized capital of State Customs Infrastructure OJSC is expected to increase to 4.31 billion KGS.

Thus, the transaction that took place on the KFB is related to the implementation of this additional share issuance.