The Ministry of Finance of Kyrgyzstan became a core shareholder of Kyrgyz Stock Exchange CJSC and Central Depository CJSC. The press service of the Kyrgyz Stock Exchange reported.
Extraordinary meetings of shareholders of the Central Depository and the Kyrgyz Stock Exchange were held on December 19 and December 25, 2023. It was decided to increase the number of traded shares by issuing additional shares in favor of the state represented by the Ministry of Finance. Already on December 29, by decision of the Service for Regulation and Supervision over the Financial Market, the results of the issue of common registered shares of the Kyrgyz Stock Exchange and Central Depository were recognized and registered in the Unified State Register of Securities of the Kyrgyz Republic.
From now on, the Ministry of Finance owns 28.55 percent of the shares in the authorized capital of the Kyrgyz Stock Exchange, and 50 percent of the shares in the authorized capital of the Central Depository.
The state has become the largest shareholder of these financial institutions.
«It is expected that the entry of the state into the capital of the Kyrgyz Stock Exchange and Central Depository will significantly contribute to the modernization of the technical potential of these institutions and will open up opportunities for the development of new areas of activity, including the organization and creation of improved conditions for the placement and circulation of government securities. The new public-private partnership will make it possible to activate other important sectors on the exchange, such as the precious metals sector, currency, commodity sector and others,» the Kyrgyz Stock Exchange said.
