The Republican Stock Exchange "Tashkent" has suspended operations with O’zElektroterm shares, according to the press service of the trading platform.
As of December 10, trading and operations with ordinary (UZ7029160007) and preferred (UZ702916K016) shares of O'zElektroterm on the stock exchange are suspended due to the issuer's transition from a joint-stock company to a limited liability company. According to the EGRPO, as of December 7, O'zElektroterm's legal form is a joint-stock company.
According to EGRPO data, O’zElektroterm was established in September 1994 and specializes in shoe manufacturing. The majority shareholder of the company is Grand Charm Poyafzallari (87.7% of the shares). The remaining shares are owned by 998 individuals. The authorized capital amounts to 643.6 million sums, and the director is Musalimov Ulugbek Musakhanovich.
In June 2021, Spot reported that the shoe manufacturer Grand Charm Poyafzallari acquired a controlling stake in O’zElektroterm. Following the privatization, conducted through an auction, 20 billion sums ($2 million) were paid for 61.9% of the shares. During the trading session, the starting price increased by 35.3%.
After the privatization, Grand Charm Poyafzallari planned to renovate the building and territory of the factory to transform it into a modern, highly efficient shoe manufacturing facility.
In September, the stock exchange delisted O’zElektroterm securities, removing them from the "Standard" category of the stock quotation list. Following this, transactions with the company's shares could be conducted on the non-listed platform.
Previously, Spot reported that a "Beautiful" license plate was sold for 474 million sums.
Joint Stock Company "O'zElektroterm" is an industrial facility covering 15,000 square meters, located on five hectares of land in the center of Namangan. The factory was previously part of the national electricity network.