According to data from the E-auksion platform, a 49.07% state-owned equity stake in the joint venture "UzXCMG", located in Urgench, Khorezm region, has been put up for electronic bidding. The enterprise specializes in the manufacturing and maintenance of heavy machinery for the mining industry and underground operations.

The starting price for the government's share has been set at 140.53 billion soms, requiring a security deposit of 4.22 billion soms, which accounts for 3% of the initial valuation. The auction will follow an ascending price format, with a bidding step estimated at 1% of the starting price.

The plant spans a land plot of 5.99 hectares on Sanoatchilar Street in Urgench, featuring formal building documentation covering 23,000 square meters, while the actual usable area reaches 24,400 square meters. The successful investor will acquire the asset while absorbing all existing creditor and debtor liabilities associated with the enterprise.

Financial reports indicate mixed performance, as the plant swung back to a net loss of 1.39 billion soms in the first quarter of 2026, following a profitable run in 2025. As of April 1, 2026, the company's accounts payable reached a substantial 248.34 billion soms, highlighting ongoing financial challenges amid efforts to privatize the state share.

Source: www.gazeta.uz