Company news

13/11/2019 16:27 | Tashkent, Uzbekistan (UzDaily.com)

A meeting with representatives of Korean companies IGIS Asset Management, KIND (Korea Overseas Infrastructure and Urban Development Corporation) and Wooju Construction Co. was held in the city khokimiyat of Tashkent. During the meeting, the prospects for joint cooperation were discussed and preliminary agreements were reached on the participation of these companies in the construction of Yunusabad Business City. The agreement provides for the creation of a consortium of three companies.

IGIS Asset Management is one of the largest real estate and asset management companies in the Republic of Korea. Today, the company successfully operates in the Asia-Pacific region and Europe. In particular, one of the latest IGIS Asset Management projects is the construction of a skyscraper in Frankfurt (Germany).

KIND (Korea Overseas Infrastructure and Urban Development Corporation) is a corporation created by the Government of the Republic of Korea on the basis of a public-private partnership to facilitate construction in foreign countries. KIND is supporting the implementation of projects aimed at developing urban infrastructure.

Wooju construction Co. LTD. founded in 2001, specializes in infrastructure construction. The company's assets include such projects as the reconstruction of the Takhiatash TPP and work at the Kandym gas processing complex.

This agreement once again showed that new urban development projects in Uzbekistan attract the attention and support of large investors from different countries.

During May 18-23, 2019 representatives from 9 Chinese fruits & food trading companies visited Uzbekistan and participated in meetings with exporters of cherry from Uzbekistan and the Cherry tour that was organized by Annexure Financial Solutions. The representatives from the following companies took part in the meetings and the Cherry tour:

1. Perishable Express (Shanghai) Supply Chain
2. FreshPort
3. Dalian Yidu Group
4. Shanghai Riverking Import Trade
5. Kingo Fruits
6. Shanghai Wonong Import & Export
7. Shanghai EasyFresh Fruit
8. Jiaxing Fruits Market Five Star Fruit Company
9. Shanghai Guojua Agricultural Products 

Chinese companies visited and held meetings with below local cherry suppliers in Tashkent and Ferghana regions of Uzbekistan:

• Brand Investment Group
• Pure Fruit
• Golden Dried Fruits
• Axshak Fayzli Baraka Non
• Uz-Segang

After the meetings and the cherry tour, the Chinese companies agreed to buy preliminary 10 tons of cherry. The companies announced that if the first export is successful, then these 8 companies will buy total of 60 tons of cherry from Uzbekistan.

• Promote the Awareness of Islamic banking and Finance.
• Recognize the Islamic banking and Finance as sustainable financial solution for CIS countries.
• This conference will provide you with practical insights into:
• Global efforts and achievements in Islamic Banking and Takaful.
• This effective platform will demonstrate the flexibility of Islamic financial markets during the current financial crisis.

Hangzhou, China - 20 February 2019. Firdavs Olimov, Managing Partner of Annexure Financial Solutions presented Uzbekistan investment opportunities in “Uzbekistan-China Business Forum” in Hangzhou, China.

Over 100 Chinese companies from different sectors attended the forum. There was a great interest from the Chinese companies in Uzbekistan and lots of questions asked and ideas exchanged. At the end of the forum, MoUs between Navoi region and Chinese companies were signed.

Forum was followed by 1x1 meetings between Annexure and Chinese companies to discuss specific investment projects.

Tashkent, Uzbekistan - 9 November 2018. JB Financial Group held a FinTech Workshop in Tashkent, Uzbekistan in collaboration with Uzbekistan Banking Association and Annexure Financial Solutions on 9 November, 2018. Focus of the workshop was to discuss open banking platform and introduce Obank, open banking platform of JB Financial Group. Workshop was successful with large crowd of bankers and regulatory related people from Uzbekistan. There were many questions and ideas from the audience as well.

Wuhan, China - 20 October 2018. Firdavs Olimov, Managing Partner of Annexure Financial Solutions presented about Uzbekistan business opportunities in “Forum on Global Production Capacity and Business Cooperation”, which was held during 19-20 October in Wuhan, China.

About 2,500 guests from 100 countries attended the forum.

http://en.hubei.gov.cn/…/new…/201810/t20181017_1352533.shtml

Changzhou, China - 28 September 2018. Firdavs Olimov, Managing Partner of Annexure Financial Solutions presented Uzbekistan investment and business opportunities in Chanzhou. Over 100 companies attended the conference and there were discussions about trading, investment and business ideas between China and Uzbekistan.

Shanghai, China - 14 August 2018. In collaboration with General Consulate of Uzbekistan in Shanghai and Shanghai Entrepreneur Association, Annexure Financial Solutions hosted an Investment Seminar on “Investment opportunities in Uzbekistan”. 40 executives from different companies in various sectors (e.g. real estate, renewable energy, manufacturing, investments, media, financial services, etc.) attended the seminar. Seminar started with opening speeches from Mr. Saidkamol Agzhamkhodjaev, General Consul of Uzbekistan in Shanghai and Mr. Xiao, Director of Shanghai Entrepreneur Association. And then representatives of Annexure presented about investment climate and macroeconomic update of Uzbekistan, economic cooperation between Uzbekistan and China as well as investment opportunities in several sectors such as real estate, tourism, cosmetics, leasing and power energy. During the seminar, Annexure team also discussed the objective and detailed schedule of “International Business Forum and Tour” that is planned in September in Uzbekistan. At the end of the presentation, participants asked questions about Uzbekistan economy and investment opportunities.

Singapore – 20 July 2018. Tripartite Memorandum of Understanding was signed between Annexure Financial Solutions (AFS) , PR Squared Worldwide Eurasia Bridge (PRSWEB), and SEA Business Centre (SBC), to kick start a cooperation to co-organize an investment forum and tour to Uzbekistan, Kazakhstan & Mongolia.

The MoU was signed on behalf of AFS by Managing Partner Kenneth Lai, CFA, CEO of PRSWEB, Yelena Zemtsova, CFA and Chief Financial Officer of SBC, Urs Schwarz. The brief ceremony took place at the Holiday Inn Hotel in Singapore.

The ceremony was followed by a meeting at the Embassy of the Republic of Uzbekistan in Singapore with Honourable Ambassador Mr. Kakhramon Shakirov. A very informative and productive meeting with his excellency, as our conversation was around the investment potential in Uzbekistan as well as sharing the upcoming investment tour with his excellency.

The MoU serves to provide a framework for understanding and cooperation between the Parties for the achievement of their common goal regarding organization of an investment tour to the above-mentioned countries. AFS has a wide network in Uzbekistan while PRSWEB and SBC has deep connections to investors in ASEAN. Therefore, no doubt that the companies will complement each other the effort of organizing the investment tour.

Tashkent, Uzbekistan - 3 July 2018. Annexure Financial Solutions hosted a meeting between potential Chinese healthcare investors and Akfa Medline. Akfa Medline is a private, multi-purpose medical center in Center Asia with modern equipment for diagnostics, treatment and complex cardiosurgical, neurosurgical and orthopedic operations.

Firstly, Chinese investors gave a brief introduction on their operations and talked about investment opportunities they are looking for and sectors they focus. Chinese investor, Mr. Li said: "We are mostly focusing on investments in medical equipment, and planning to expand business operations by increasing the number of our business partners in Central Asian region including Uzbekistan". The investors were provided with all the necessary information about Akfa Medline. In addition to medical equipment investment, Akfa Medline Director provided all necessary information about the future hospital construction project, worth of about 60 million USD.

The Head Physician, Mr. Aripkhodjaev provided a tour through the hospital, illustrated all the departments, restaurant, spa procedures, swimming pools, gym etc. that the hospital offers for the patients. Finally, the parties discussed the next steps of cooperation and exchanged memorable gifts between each other.

Shanghai, China - 14 May 2018. Annexure hosted a meeting with UzPromStroyBank (Uzbek Industrial and Construction Bank) where parties discussed about investment opportunities and recent reforms in Uzbekistan. The bank presented several investment projects to Annexure while Annexure shared with the bank the sectors and type of projects that Annexure’s investor network is interested in. Parties agreed to mutually cooperate in attracting foreign investors into Uzbekistan by signing Memorandum of Understanding (MoU). MoU highlights that the bank gives Annexure an access to its client network as well as project database while Annexure helps the bank promote its projects within its foreign investor community. Annexure also plans to hold investment/business forum in Shanghai, China and Tashkent, Uzbekistan as well as investment tour to project sites in Uzbekistan.

About Uzbek Industrial and Construction Bank (UzPromStroyBank)

Established in 1922, Uzbek Industrial and Construction Bank is the 3^rd largest bank in Uzbekistan in terms of assets. The bank serves the leading corporates from key sectors of Uzbekistan such as Oil & Gas, Energy, Textile, Chemical, etc. Its total assets as of 2017 is 3 bln USD with 45 branches, 46 mini-banks as well as over 300 banks correspondents worldwide.

About Annexure Financial Solutions

Annexure Financial Solutions is a HK-based consulting company with offices in Shanghai, China and Tashkent, Uzbekistan. The company offers 1) Strategy Consulting & Corporate Advisory and 2) Equity research services to its clients. The Tashkent office of the company, opened in March 2018, offers Consulting & Corporate Advisory services to clients ranging from small to large corporations and government entities in Uzbekistan. The services of the company can help both potential investors and target companies in Uzbekistan. It can help potential foreign investors who want to enter Uzbek markets, to acquire shares of or merge with the local companies in Uzbekistan.

Hong Kong - 25 April 2018. Annexure Financial Solutions entered into a Memorandum of Understanding (MoU) with Transoxiana Group to further cooperate on the development and advancement of foreign direct investment into private and public assets in Uzbekistan. Both parties recognize and agree that public relations and marketing strategies within Uzbekistan and amongst foreign investors is mutually beneficial to both firms. Annexure agreed to offer market research and analysis, private business insight and financial connections within Uzbekistan as well as Annexure’s deal flow in Uzbekistan while Transoxiana Group agreed to provide English-language marketing, communications, and content to highlight and promote Annexure and their investment deal flows in the United States.

About Transoxiana Group

Founded in October 2017, Transoxiana Group is a consulting firm that specializes in public affairs, communications, business development and strategic research, with a focus on Uzbekistan and Central Asia. Transoxiana is committed to promoting economic development and international integration in the region by completing projects successfully and effectively for government and corporate clients.

Transoxiana offers an unparalleled understanding of both the United States and Uzbekistan. Transoxiana Group's combines an extensive background working in Central Asia with experience in the business, government, and non-profits worlds of Washington D.C., New York City and beyond. The diverse team members all share a deep familiarity with Uzbekistan’s current geopolitical situation, economy, history and culture, as well as its opportunities and outlook for the future.

About Annexure Financial Solutions

Annexure Financial Solutions is a Hong Kong-based consulting company with offices in Shanghai, China and Tashkent, Uzbekistan.

The company offers strategy consulting and corporate advisory as well as equity research services to its clients. Annexure Financial Solutions opened their Tashkent office in March 2018. Annexure Tashkent offers consultancy and advisory services to large corporations, SMEs and government entities in Uzbekistan.

Annexure works closely with potential investors and target companies and assets in Uzbekistan. The company primarily focuses on foreign direct investment into the Uzbekistan market with the hopes of facilitating merger and acquisitions of local Uzbekistan companies and assets.

Tashkent, Uzbekistan - 7 March 2018. Annexure Financial Solutions visited Westminster International University in Tashkent, Uzbekistan. The company’s Managing Partner gave a lecture on financial modelling in equity markets and went through the real-life examples of valuing Asian companies using different valuation methods such as DCF, multiples and sum of the parts valuation (SOTP).

After the lecture, he introduced Annexure Financial Solutions to students and gave a brief overview of the services and operations of the company. He also talked about the newly opened office of the company in Tashkent and current job openings. Then students were able to ask questions that interested them and learn about Asian financial markets and the future of financial market of Uzbekistan.