Turkmenistan’s Baden Garment Factory will be controlled by private companies after share reform

Turkmenistan Oriental Network reported on May 2 that after the Bachden Garment Factory is restructured into an open joint-stock company, the private company “Gerchek Yigit” will achieve control and own 60% of the enterprise. Shares, 40% of the Ministry of Textile Industry of Turkmenistan. Previously, all joint-stock companies established in Turkmenistan were controlled by the state, with the state accounting for 51% or more of the shares.