The document said that Markaziy Ippodrom OJSC has been created on the base of the state assets and property of Toshkent Otchopari LLC with the authorized capital of 16.575 billion soums.
At the same time, the State Property Committee of Uzbekistan holds 90.17% stakes or 14.945 billion soums in the charter capital of new enterprise. Toshkent Otchopari LLC possesses 9.83% stake in the enterprise, which makes up 1.629 billion soums.
The government set main tasks of Markaziy Ippodrom OJSC as:
Markaziy Ippodrom OJSC will also issue additional shares and increase the authorized capital to 29.5 billion soums. The funds raised from realization of shares will be directed to implementation of the enterprise’s tasks.
In line with the government decision, the State Property Committee of Uzbekistan will keep 50% plus one share in charter capital of Markaziy Ippodrom OJSC, including through purchase part of additional emission of shares due to resources, received from privatization.