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Paynet increases its authorized capital by $42.5 million

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Payment service Paynet has increased its authorized capital to 558.12 billion sums by issuing 1.09 trillion additional shares. All new shares were placed through a closed subscription with the sole shareholder — the company New Industrial Technologies. The capital increase may be linked to the purchase of 100% of the shares of the National Interbank Processing Center, which manages the Humo system, sold for $65 million.

Payment service Paynet has announced an increase in its authorized capital by nearly 550 billion sum.

According to the decision of the extraordinary shareholders' meeting, the company will issue 1.09 trillion additional ordinary shares with a par value of 500 sum. As a result, Paynet's authorized capital will reach 558.12 billion sum.

All new shares will be placed through a closed subscription to the sole shareholder — New Industrial Technologies, which previously privatized the service. The placement period for the issue will be one year from the date of registration.

The capital increase may be linked to the purchase of 100% of the shares of the National Interbank Processing Center, which manages the Humo payment system. In January, the State Assets Management Agency announced the sale of Humo for $65 million.

Source: spot.uz

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Paynet increases its authorized capital by $42.5 million

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