Ownership update: Magic City’s major shareholder replaced

The ownership of “Stargate Systems” LLC, which controls nearly 21 hectares of land within the National Park area, has partially changed hands. The Competition Development and Consumer Protection Committee has approved the transfer of an 86.2% stake in “Stargate Systems” to “Xonadon taomlari” LLC.

According to the announcement, the committee reviewed the application submitted by “Xonadon taomlari” LLC to acquire an 86.2% stake in “Stargate Systems” and granted approval.

“The special commission concluded that the transaction would not adversely affect market competition, leading to the decision to approve the application and agreement,” the committee stated.

Data from the Unified State Register of Enterprises and Organizations (KTYADR) reveals that “Stargate Systems,” founded in 2005, specializes in managing amusement parks. The company has an authorized capital of 426.94 billion UZS, 86.2% of which is owned by Tashkent Aquarium, established in 2019.

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The remaining 13.8% is held by Alisher Abdujabborovich Abduvohidov, the son of former Presidential Advisor Abdujabbor Abduvohidov (related to Jakhongir Ortikkhodjaev). Alisher Abduvohidov is also the sole owner of Tashkent Aquarium, which has an authorized fund of 57.04 billion UZS. The legal addresses of both companies are identical.

“Xonadon taomlari,” founded at the end of 2023, operates in the restaurant and delivery business. With an authorized capital of 50 million UZS, the company’s sole founder is Firdavs Muhamadiyev, while its director is Bekzod Abdumajidov. Interestingly, the company’s contact phone number and email are the same as those of Tashkent Aquarium.