{"id":1956,"date":"2019-04-04T11:50:33","date_gmt":"2019-04-04T06:50:33","guid":{"rendered":"http:\/\/invest-in-uzbekistan.org\/?p=1956"},"modified":"2019-04-18T22:49:06","modified_gmt":"2019-04-18T17:49:06","slug":"gosudarstvo-prodaet-svoi-doli-v-krupnyh-himicheskih-predpriyatiyah","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/gosudarstvo-prodaet-svoi-doli-v-krupnyh-himicheskih-predpriyatiyah\/","title":{"rendered":"The state sells its shares in large chemical enterprises"},"content":{"rendered":"<p><span class=\"notranslate\">A resolution of the President<\/span>\u00a0\u00a0\u00a0<strong><span class=\"notranslate\">&#8220;On measures to further reform and increase the investment attractiveness of the chemical industry.&#8221;<\/span><\/strong><\/p>\n<p><span class=\"notranslate\">Resolution approved<\/span>\u00a0 &#8220;<span class=\"notranslate\">The chemical industry development program for 2019\u20132030&#8243;.<\/span><\/p>\n<p><span class=\"notranslate\">The program provides for the implementation\u00a0<\/span><span class=\"notranslate\">31 investment projects<\/span>\u00a0<span class=\"notranslate\">estimated value of 12.1 billion US dollars, including<\/span>\u00a0<span class=\"notranslate\">1.7 billion US dollars\u00a0<\/span><span class=\"notranslate\">through foreign direct investment and loans.<\/span><\/p>\n<p><strong><span class=\"notranslate\">In particular, the program also provides for:<\/span><\/strong><\/p>\n<ul type=\"disc\">\n<li>\u00a0<span class=\"notranslate\">modernization, expansion of existing and creation of new\u00a0energy efficient\u00a0production facilities<\/span>\u00a0\u00a0\u00a0<span class=\"notranslate\">nitrogen, phosphate, potash and complex mineral fertilizers;<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">creation of new production facilities<\/span>\u00a0<span class=\"notranslate\">polymer products, including polyethylene terephthalate (PET), polyvinyl chloride (PVC), synthetic rubber, polystyrene, polyurethane,\u00a0polyol\u00a0, acrylonitrile-butadiene-styrene (ABS) plastic, polyacrylonitrile (PAN);<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">the creation of production clusters for the production of demand in industries<\/span>\u00a0\u00a0\u00a0<span class=\"notranslate\">New types of chemical products.<\/span><\/li>\n<\/ul>\n<p><strong><span class=\"notranslate\">The implementation of the shares of the state and JSC &#8221;\u00a0Uzkimyosanoat\u00a0&#8221; in the authorized capital of business companies will be implemented as follows:<\/span><\/strong><\/p>\n<ul type=\"disc\">\n<li>\u00a0<span class=\"notranslate\">through direct negotiations with potential investors with the condition that they make investment and social obligations:<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">60.35 percent<\/span>\u00a0<span class=\"notranslate\">state shares and<\/span>\u00a0\u00a0<span class=\"notranslate\">39.65 percent\u00a0stock \u00a0JSC\u00a0&#8220;Uzkimyosanoat&#8221;<\/span>\u00a0<span class=\"notranslate\">in authorized capital<\/span>\u00a0<span class=\"notranslate\">\u201c\u00a0Samarkandkimiyo\u00a0\u201d JSC at \u201czero\u201d redemption value;<\/span><\/li>\n<li><span class=\"notranslate\">51 percent share of JSC &#8221;\u00a0Uzkimyosanoat\u00a0&#8220;<\/span>\u00a0<span class=\"notranslate\">in statutory fund<\/span>\u00a0\u00a0<span class=\"notranslate\">LLC\u00a0&#8220;Kungrad\u00a0Soda plant&#8221;<\/span>\u00a0<span class=\"notranslate\">at market value;<\/span><\/li>\n<li><span class=\"notranslate\">70.54 per cent of state-owned shares and percent\u00a0stock JSC\u00a0&#8220;Uzkimyosanoat&#8221;<\/span>\u00a0<span class=\"notranslate\">in authorized capital<\/span>\u00a0\u00a0<span class=\"notranslate\">JSC &#8220;Kukon\u00a0Superphosphate Creek&#8221;<\/span>\u00a0<span class=\"notranslate\">&#8211;\u00a0Indorama\u00a0(Singapore) at a redemption value of<\/span>\u00a0<span class=\"notranslate\">4.3 million US dollars;<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">in competitive bidding at market value &#8211;<\/span>\u00a0<span class=\"notranslate\">48.05 percent state shares and<\/span>\u00a0<span class=\"notranslate\">2.95 percent of shares of\u00a0Uzkimyosanoat\u00a0JSC<\/span>\u00a0<span class=\"notranslate\">in authorized capital<\/span>\u00a0<span class=\"notranslate\">JSC &#8220;Ferganaazot&#8221;;<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">in public tenders at market value &#8211;<\/span>\u00a0<span class=\"notranslate\">26.14 percent of shares of JSC\u00a0&#8220;Uzkimyosanoat&#8221;<\/span>\u00a0<span class=\"notranslate\">in authorized capital<\/span>\u00a0\u00a0<span class=\"notranslate\">JV JSC\u00a0Electrokhimzavod\u00a0;<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">based on the initial public offering (IPO) at the initial stage &#8211; up to<\/span>\u00a0<span class=\"notranslate\">25\u00a0percent of shares<\/span>\u00a0<span class=\"notranslate\">from authorized capital of joint-stock company<\/span>\u00a0<span class=\"notranslate\">&#8220;Zhizzah\u00a0plastic&#8221;;<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">by converting<\/span>\u00a0\u00a0\u00a0<span class=\"notranslate\">LLC\u00a0&#8220;Dehkanabad\u00a0potash plant&#8221;<\/span>\u00a0<span class=\"notranslate\">in joint stock company and sales<\/span>\u00a0<span class=\"notranslate\">51 percent<\/span>\u00a0<span class=\"notranslate\">and more shares of\u00a0fixed\u00a0capital of the\u00a0company;<\/span><\/li>\n<li>\u00a0<span class=\"notranslate\">by converting<\/span>\u00a0<span class=\"notranslate\">LLC\u00a0Birincirezinotekhnika\u00a0Zavodi<\/span>\u00a0\u00a0<span class=\"notranslate\">into a joint stock company and the sale of additionally issued shares of up to<\/span>\u00a0<span class=\"notranslate\">51 percent<\/span>\u00a0\u00a0\u00a0<span class=\"notranslate\">from the authorized capital of the company at market value.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>A resolution of the President\u00a0\u00a0\u00a0&#8220;On measures to further reform and increase the investment attractiveness of the chemical industry.&#8221; Resolution approved\u00a0 &#8220;The chemical industry development program for 2019\u20132030&#8243;. The program provides&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/1956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=1956"}],"version-history":[{"count":3,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/1956\/revisions"}],"predecessor-version":[{"id":2087,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/1956\/revisions\/2087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/1957"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=1956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=1956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=1956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}