External Management at 'Kum-Shagyl' Company Extended

The Kyrgyz Cabinet of Ministers has extended the period of external management for the "Kum-Shagyl" closed joint-stock company, a move aimed at rectifying critical safety violations. The decision, formalized by amending Resolution No. 89 dated February 29, 2024, now places the company under external administration until July 24, 2026. This significant extension underscores the gravity of the issues at hand and the government's commitment to ensuring public safety.

The primary justification for this extended measure is the persistent non-compliance with regulations concerning subsoil protection, environmental safety, and industrial security. These violations have been identified as posing a direct threat to the lives and health of citizens. The government's intervention through external management signifies a serious effort to bring the company's operations into alignment with national safety standards and to mitigate the risks associated with its activities.

Under the new directive, the State Agency for Property Management is tasked with proposing a candidate for the temporary external manager. Concurrently, the relevant state body responsible for the state registration of legal entities must be notified of the introduction of temporary external management at "Kum-Shagyl" CJSC. This procedural step ensures that all official records reflect the current administrative status of the company and facilitates the oversight of the external management process. The Kyrgyz government's decisive action reflects a proactive stance on industrial safety, prioritizing the well-being of its populace over the immediate operational concerns of the company.