DUSHANBE, June 21, Asia-Plus  -- Only one company, Yonchik, took part in the first round of international tender for privatization of open joint-stock company (OJSC) Tajikkhimprom (Yovon chemical plant) that was held in Dushanbe on June 20, according to the State Committee for Investments and Management of State-owned Property.

            The source at the committee said that the UK-based Yonchik is producer of chemical products.  The company has its plants in many countries across the world, including Iran, according to the source.

The second round of the tender is being held today the source  has refrained from giving information about number of received applications for participation in the tender.  

As it had been reported earlier, the plant’s debts now exceed its assets nearly ten times, and a valuation commission has set the initial price of the package of 15,300,120 shares at 10 million somonis (equivalent to $2.9 million).  The facility’s debts now amount to 28.559 somonis (equivalent to $8.2075).