Kyrgyzaltyn OJSC announced about increase of authorized capital by 76 mln 886.9 thousand KGS. The corresponding decision was made at the annual general meeting of shareholders on the results of work in 2024, which was held on April 11.

It should be noted that before the change, at the end of 2024, the authorized capital of the company was estimated at 964 million 123.9 thousand KGS. The capitalization of the company increased due to the transfer of the sanatorium “Kyrgyz Vzmorye”, previously owned by the Department of Presidential Affairs, into its ownership. In exchange for the transferred assets, the company will issue additional 768 thousand 870 ordinary registered shares with par value of 100 KGS each. The securities will be placed by closed subscription, their recipient will be the State Agency for State Property Management.

Along with the capital increase, the company approved financial results for 2024. Compared to 2023, the company increased net profit by 36.22% to 17.3 bln KGS. Of which 75% or 12.9 bln KGS was decided to be allocated for dividend payments.

In addition, key decisions on the formation of the Board of Directors and the Audit Commission were made, budgets and plans for 2025 were approved, and a new independent auditor, Creston Bishkek LLC, was appointed.