The shareholders of Kyivmiskbud Holding Company PJSC plan to initiate a preventive restructuring procedure and develop a corresponding plan of measures and conditions for debt repayment, according to the agenda of the general meeting of shareholders.
According to the PJSC’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), a remote general meeting of shareholders is scheduled for November 15.
“To initiate the procedure for the preventive restructuring of the private joint-stock company Holding Company Kyivmiskbud in accordance with the procedure established by the Code of Ukraine on Bankruptcy Procedures,” is stated in the draft decision of the shareholders on the agenda.
In addition, it is planned to authorize the acting chair of the board of Kyivmiskbud, Svetlana Samsonova, to take all necessary actions related to the restructuring process, including negotiations with creditors and approval of a debt repayment plan, as well as the submission of a corresponding application to open proceedings in court.
As reported, Kyivmiskbud has 24 construction sites on its balance sheet, where more than 120 residential buildings of varying degrees of completion have been built. The total area of unfinished construction exceeds 548,000 square meters.
In October 2024, the Kyiv City Council supported the decision to increase the authorized capital of PJSC HC Kyivmiskbud to stabilize the company’s financial position through an additional issue and acquisition of shares worth up to UAH 2.56 billion. The placement of shares will last from October 1 to November 28, 2025.
HC Kyivmiskbud was established on the basis of the assets of the state-owned municipal construction corporation Kyivmiskbud in 1994 by combining controlling stakes in 28 enterprises and other assets in its authorized capital. It comprises 40 joint-stock companies in which the company owns shares, as well as six subsidiaries and 51 enterprises with associate member rights.
According to the National Securities and Stock Market Commission, the main shareholder of PJSC Kyivmiskbud is the Kyiv City Council (80%).
