11-12-2019 | 07:00
On December 12, at 10:00 am. at the City Palace hotel in the Grand Ball Room, the official launch of the subscription campaign for the initial public offering of shares (IPO) of «Jizzakh Plastmassa» JSC will take place, as well as a presentation on the topic “IPO from the largest producer of plastic products”.
In accordance with the resolution of the President of the Republic of Uzbekistan dated April 3, 2019 No. 4265 “On measures to further reform and increase the investment attractiveness of the chemical industry” and the resolution of the Cabinet of Ministers dated April 26, 2019 No. 358 “On the organization of the primary and secondary public offerings of shares on the Stock Exchange” approved the attraction of domestic and foreign investors by conducting at the initial stage an initial public offering of shares of «Jizzakh Plastmassa» JSC (IPO) by issuing additional shares.
The total area of «Jizzakh Plastmassa» JSC with industrial and non-industrial facilities is 12.5 hectares. The enterprise has its own power substation, pumping station, as well as a railway line. The plant has four main workshops, the production capacities of which are used in the manufacturing process, as well as 8 joint ventures created with foreign investors from the USA, Turkey, Slovakia, Russia and Italy.
«Portfolio Investments» LLC is one of the leading companies in the securities market of Uzbekistan, provides services to private, corporate and foreign investors in the field of portfolio investments, consulting, depository services, as well as services for the trust management of investment assets. The company was recognized as the Best Investment Intermediary of 2016 and 2017 and the Best Investment Advisor of 2018. One of the leaders in the rating of brokerage companies with the largest volume and turnover of transactions on the Republican Stock Exchange "Toshkent" is actively involved in attracting foreign capital in cooperation with foreign partners.
During the IPO, the underwriter organizes the Road Show in all regions of the republic, which will be held online. New shareholders can participate and invest in one of the leading manufacturers of plastic products without leaving the office. Anyone can make a contract with a brokerage company and become a co-owner of the production of plastic pipes, plastic film and other plastic products.
A share of 25% of the authorized capital of «Jizzakh Plastmassa» JSC will be realized through an IPO, which is 1,140,246 shares, after the placement the total number of «Jizzakh Plastmassa’s» shares will be 5,701,231 pieces. One person can purchase up to 11,402 shares, which is 1% of the supply. Both foreign investors and our compatriots: individuals and legal entities can participate in the project. Price ranges from 3 400 to 30 541 soums per share.
The largest shareholders are the state with a share of 66.20%, JSC «Uzkimyosanoat» with a share of 27.12% and other shareholders with a share of 6.68% of the authorized capital of the company. According to the dividend policy of the company, at least 30% of the net profit is directed to the payment of dividends, while over the past 4 years dividends of at least 50% of the annual net profit have been paid.
In accordance with the Decisions of the Government of the Republic of Uzbekistan over the past 5 years in «Jizzakh Plastmassa» JSC were implemented investment projects for the modernization of production with a total value of 2.2 million US dollars and expanded the range of products, which made it possible to achieve production capacity of up to 10.0 thousand tons of finished products per year, including irrigation kits rationally used in agriculture.
By investing your capital in «Jizzakh Plastmassa» JSC, you can become a co-owner of stable production and a participant in the history of the formation of the domestic capital market.
IPO of «Jizzakh Plastmassa» JSC is an unprecedented opportunity for capital growth.
You can register for the event here.
You can familiarize yourself with the Investment Memorandum here.
This information is not an advertisement of a financial instrument and contains forward-looking statements, depending on uncertainties and changes in circumstances. Forward-looking statements are not guarantees of future results or effectiveness and include risks, assumptions and uncertainties. The information is presented for informational purposes only and does not constitute a compulsion to buy or sell any securities and does not guarantee the receipt of the income indicated by the joint-stock companies.
Additional information can be obtained from:
Phone: (+998) 71−267−75−75
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