OREANDA-NEWS. On September 03, 2008 State Commission for conducting tenders on the sale of the state property to the foreign investors announced on the basis of the Resolution of the President of the Republic of Uzbekistan №PP-672 as of July 20, 2007, public tender for the sale of the following state assets 14.24% shares of JSC “Сhimbay may”, reported the press-centre of State Commission for conducting tenders.

The Tender for JSC "Chimbay may" is for the sale of 3 560 (three thousand five hundred sixty) shares of common stock constituting the aggregate of 14.24% of the Enterprise's total issued shares.

Starting bidding price of the pack of shares is 198 300 (one hundred ninety eight thousand three hundred) US dollars. Investment obligations constitute 738 000 (seven hundred thirty eight thousand) US dollars.

At that, the preference will be given to the tender participant ready to offer the highest bid for the 14.24% of shares of the Enterprise and undertake the highest volume of investment obligations.

JSC "Chimbay may" is located in Chimbay city of the Republic of Karakalpakstan. The enterprise was established in 1947. The main type of activity of the enterprise is production of deodorized and refined oil from cotton seed.   

Investors interested in participating in the Tender must first submit a properly completed Application for participation and Confidentiality Statement, which should be sent along with brief information on the company.

The Tender Documentation package including Information Memorandum, Tender Rules, Bid Form can be obtained upon presenting to Enterprise Institution Building Bureau the filled in and signed Application and Confidentiality Statement along with the copy of the proof of payment made.

The price of the package of the bidding documents constitutes 100 (one hundred) US Dollars.

The payment for the package of the bidding documents should be made to either of the accounts stated below:

USD Account № 20203840500600289001

UZS Account № 20203000600600289001

in operational department of the "Ipak Yuli" JICB

of the Republic of Uzbekistan

TIN 201122696, bank code 00444

S.W.I.F.T. code: INIPUZ22

The Bid submission deadline expires at 12:00 a.m. Tashkent time on the 28th October of  2008.

Opening of the packages with Tender Bids will be held in the Meeting Hall of the State Property Committee of the Republic of Uzbekistan (5th floor) at 16:00 p.m. Tashkent time on the 28th October 2008.

Tender participants or their authorized representatives, who would submit Tender Bids in accordance with established procedure, have the right to participate at the opening of the packages with Tender Bids.

For all issues related to the tender, please contact:

EIBB, Enterprise Institution Building Bureau

State Property Committee Bldg., room 15.01

Uzbekistanskaya Str., 55

100003 Tashkent, Uzbekistan

Attention: Mr. Sa'dullakhon Nabikhanov

Director General

Tel: (+998 71) 259 22 23

Fax: (+998 71) 259 21 42

Email: eibb@tps.uz, eibb_139@mail.ru