The Tashkent Stock Exchange has announced a suspension of trading in the shares of the Tashkent Oil and Fat Plant.
A corresponding notification has been sent to the Central Securities Depository. The reason for this action is the initiation of liquidation proceedings for the issuer, as stated in the message.
An extraordinary meeting of the company's shareholders approved the decision to liquidate the joint-stock company in June 2024. The decision was made with 99.9996% of the votes in favor, while only the holders of 20 shares (0.0003%) voted against it.
At the same time, the composition of the liquidation commission was approved, which is headed by the enterprise's director, N. Irnazorov.
About the Plant
The joint-stock company "Tashkent Oil and Fat Plant" was established in 1994 based on the Tashkent Oil and Fat Plant, which was created in 1966. The company produces vegetable oil, margarine, mayonnaise, and other products under the brands "My Dream," "Dushka," "Polyana," "Kudesnitsa," "Dvorjanskoe," "Mayona," and others.
The net loss of the company for the year 2020 amounted to 20 billion soums. In the first half of 2021, it exceeded 4 billion soums, and by the end of the third quarter, it reached 6.8 billion soums.
In the fall of 2021, the local company Blossom Investment purchased a portion of the Tashkent Oil and Fat Plant for 22.5 billion soums. Prior to this, several stock packages were acquired by the British firm Northlux Management, but in 2022, it put its stake of about 40% up for sale, valuing it at nearly 73 billion soums.
Previously, Spot reported that the Stock Exchange suspended trading in the shares of Humans and Maroqand starting February 10.