DUSHANBE, May 16, Asia-Plus – Open joint-stock company (OJSC) Tajikkhimprom (Yovon chemical plant) will be put for auction within the next few days, Asia-Plus has learned from Tohir Askarov, the head of the restructuring and bankruptcy department of the State Committee for Investments and Management of State-owned Property.
According to him, a process of organizational-legal procedure on putting the enterprise for auction is nearing completion and a valuation commission is determining the initial price of this facility.
Both Tajik and foreign physical and juridical entities have the right to participate in the auction for Tajikkhimprom.
According to the State Committee for Investments and Management of State-owned Property, purchaser is not considered legal owner of the enterprise until he fulfills all obligations on the approved business plan and repays the facility’s debts.
The government has to date endorsed individual plans for restructuring the following large state-owned enterprises: national air carrier TajikAir; OJSC Tajik Telecom (Tajik national telecommunications operator); joint-stock company (JSC) Tajikteleradiocom and Tojikcement (Dushanbe cement plant).
