# Uzbekistan Hospitality Firm TEG Completes Merger With StageWise Strategies

- URL: https://stocks.freetheai.org/news/uzbekistan-hospitality-firm-teg-completes-merger-with-stagewise-strategies-d2c0d8
- Published: 2026-10-14T13:45:00Z
- Category: mergers; sentiment: bullish; impact: medium
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Uzbekistan hospitality business TEG SPV LLC has finished its business combination with StageWise Strategies Corp. (STWI). The entity will operate as TEG Overseas, Inc., with common shares trading on the OTC Markets. The deal makes TEG Overseas the first business from Uzbekistan to trade publicly in the United States.

TEG owns and operates tourism and event assets in Uzbekistan, including Hilton Tashkent City, Wyndham Bukhara, and the Central Asian Expocenter. The firm generated $42.9 million in revenue and $14.4 million in net income in 2025, up 22% and 215% respectively from 2024. The deal positions the company to tap into expanding regional tourism, which saw foreign visitors to Uzbekistan rise nearly 47% to about 11.7 million in 2025.

Moving forward, TEG Overseas plans to use access to American capital markets to fund acquisitions and build out its pipeline of hospitality and conference properties. Investors will watch whether the owner-operator can successfully execute new acquisitions and maintain growth across Uzbekistan and broader Central Asia.

## Key points

- TEG SPV LLC completed a business combination with StageWise Strategies Corp. (STWI) to form TEG Overseas, Inc.
- TEG Overseas will trade on the OTC Markets as the first U.S.-traded company from Uzbekistan.
- The company reported $42.9 million in 2025 revenue and $14.4 million in net income, up 22% and 215% from 2024.
- TEG operates key assets in Uzbekistan including Hilton Tashkent City, Wyndham Bukhara, and Central Asian Expocenter.
- The business plans to use public market capital to fund future acquisitions in hospitality and conference spaces.

## Questions and answers

### What is TEG Overseas trading under after the merger?

TEG Overseas, Inc. was formed through a business combination with StageWise Strategies Corp. (STWI) and its common stock will trade on the OTC Markets.

### What properties does TEG operate in Uzbekistan?

TEG owns and operates hospitality and event assets in Uzbekistan, including Hilton Tashkent City, Wyndham Bukhara, and the Central Asian Expocenter convention facility.

### How did TEG perform financially in 2025?

In 2025, TEG generated $42.9 million in revenue and $14.4 million in net income, representing increases of 22% and 215% respectively compared to 2024.