Shareholders meeting of Mogoin Gol JSC delayed until May 08

  • Mogoin Gol JSC listed on Tier-II of MSE had scheduled to hold its shareholders meeting on April 23, 2020 but the company has delayed the meeting due to Covid-19 pandemic and shareholders meeting of the company will be held on May 8, 2020.
  • Board of Directors of Mogoin Gol JSC decided not to distribute dividend for 2019. Also, coal sales of the company have lowered by around 20 thousand tons comparing with same period of last year. As a result, sales revenue of the company declined by 2 times from same period of previous year and reached around MNT 1 billion. The company supplies coal to customers of Khuvsgul and Zavkhan provinces.
  • The company planned to increase number of employees by 40 percent this year. However, the company has been decreasing employees due to Covid-19. Share price of Mogoin Gol JSC has declined by 10 percent since the beginning of 2020 and closed at 7,000.

Source: bloombergtv.mn