One of the largest enterprises in the country “Jizzakh Plastmassa” JSC has launched the second public offer of shares.
A share of 25% of the company’s authorized capital will be sold to foreign and national investors (legal entities and individuals) at a price between 3,400 and 30,541 soums per share. In this case, one may purchase up to 11,402 shares, which is 1% of the offer.
During the IPO, road shows will be organized in all regions of the republic. The auction will be held online.
New shareholders will be able to participate and invest in one of the leading manufacturers of plastic products without leaving their office or home. Anyone can enter into a contract with a brokerage company and become a co-owner of the production of plastic pipes, plastic film and other plastic products.
It is expected that the placement of shares will allow the company to implement innovative projects aimed at import substitution of important types of products for the country.
In particular, this is the production of BOPP film in the “Jizzakh” FEZ ($40 million), the construction of a mold manufacturing plant ($10 million) and the creation of an experimental laboratory ($2.5 million).
“Jizzakh Plastmassa” is the main supplier of plastic films and pipes for the agricultural sector, as well as housing and communal services and the construction sector of Uzbekistan.
The JSC also has eight joint ventures created in cooperation with foreign investors from the USA, Turkey, Slovakia, Russia and Italy. Over the past four years, thanks to the expansion of production, shareholders have received dividends in the amount of at least 50% of profits.
