Heritage of Great Nomads Holding sells 25 million shares
Heritage of Great Nomads National Holding sold 25 million shares for 2.5 billion soms. Website of the Kyrgyz Stock Exchange reports.
According to the exchange, the deal with securities took place on September 29. The price of each share was 100 soms.
In early August, the holding reported that it would issue an additional volume of shares to increase the authorized capital by 7.1 billion soms.
Heritage of Great Nomads National Holding was established in December 2021. The only founder is the Ministry of Finance. The holding manages all mining companies with a state stake. Initially, its authorized capital was 100 million soms.
Earlier it was reported about financial violations revealed at Kumtor, in particular, fuels and lubricants, food, spare parts were purchased at prices above market ones. The Prosecutor General’s Office initiated three criminal cases. Former external manager of Kumtor Tengiz Bolturuk, procurement specialist Aisha-Gul Frontbek kyzy Dzhanalieva and the financial director Ryspek Toktogulov were detained.
