Uzbekistan Hospitality Group TEG Completes US Business Merger

Uzbekistan-based hospitality, tourism, and events company TEG SPV LLC (TEG) has completed a business merger with StageWise Strategies Corp. (STWI). The transaction establishes TEG as the first Uzbek company to operate publicly in the United States, with its common stock to be traded on the OTC markets under the name TEG Overseas, Inc.

The merger positions TEG to capitalize on Uzbekistan's rapidly growing tourism sector. In 2025, TEG's portfolio of premium hotels and event facilities, including Hilton Tashkent City and Wyndham Bukhara, generated $42.9 million in revenue and $14.4 million in net profit, marking increases of 22% and 215% respectively over the prior year.

Uzbekistan's tourism industry has seen significant expansion, welcoming approximately 11.7 million foreign tourists in 2025, a nearly 47% increase year-over-year. The country has been recognized as one of the fastest-growing international tourism markets globally, supported by economic reforms and the "Uzbekistan 2030" strategy.

TEG is part of AKFA Group, one of Central Asia's largest private business conglomerates. AKFA operates across seven strategic sectors, including consumer electronics, construction, and healthcare. TEG will leverage AKFA's global connectivity and resources.