Uzbekistan Hospitality Firm TEG Completes Merger with US Company

TEG SPV LLC, a hospitality, tourism, and event management company based in Uzbekistan, announced the completion of its business combination with StageWise Strategies Corp. This transaction results in TEG becoming the first Uzbek company to be publicly listed in the United States. The combined entity will operate as TEG Overseas, Inc., with its common stock trading on the over-the-counter markets.

The merger marks a significant step for TEG, enabling it to leverage Uzbekistan's rapidly growing tourism market and pursue its growth strategy. The company anticipates benefiting from long-term regional trends, including increasing international tourism, a rise in business travel, and Uzbekistan's ongoing investments in economic and social development.

TEG owns and operates a portfolio of hospitality and event assets in Uzbekistan, including the Hilton Tashkent City and Wyndham Bukhara, as well as the Central Asian Expocenter (CAEx). In 2025, its assets generated $42.9 million in revenue and $14.4 million in net profit. Uzbekistan's tourism sector has seen substantial growth, with the UN recognizing it as one of the world's fastest-growing markets for international arrivals.

TEG is part of AKFA Group, one of Central Asia's largest private business groups. As a public company, TEG plans to utilize U.S. capital markets to fund future acquisitions and expand its portfolio of hotel and Meetings, Incentives, Conferences, and Exhibitions (MICE) assets.