Uzbekistan's TEG Overseas, Inc. Finalizes U.S. Business Combination

TEG Overseas, Inc., a leading hospitality and tourism business from Uzbekistan, has successfully completed a business combination with StageWise Strategies Corp., marking the first U.S.-traded business from Uzbekistan. The venture positions TEG to leverage the rapidly growing tourism market in Uzbekistan.

The company, now operating as TEG Overseas, Inc., will trade on the OTC Markets. With its established portfolio, including Hilton Tashkent City and Wyndham Bukhara, TEG generated $42.9 million in revenue in 2025. This move aims to strengthen Uzbekistan's tourism sector and align with the national development agenda.

Benefiting from its connection with AKFA Group, TEG plans to expand through the U.S. capital markets, focusing on acquisitions and growth within Uzbekistan and beyond. This strategic growth aligns with Uzbekistan's aim to become a top destination for international tourism.