LIST OF COMPANIES FAILED TO DISCLOSE FINANCIAL REPORTS


According to the provision 20.1.6 of Securities Market Law and 10.3 of the Accounting Law, a securities issuer shall have an obligation to submit to the stock exchange semi-annual financial and operational reports by July 20th of each year. MSE imposes sanctions including penalty to delisting on the listed companies that fail to fulfil the legal obligation. As stated… Read more »

"APU" JSC TO PAY DIVIDENDS


In accordance with Board Resolution No.20/14 of “APU” JSC dated August 13, 2020, “APU” JSC announced that it will distribute MNT39.9 billion to its shareholders from its net profit for the half year of 2020 by a dividend of MNT 37.5 per share. The list of shareholders who are eligible for dividend will be determined… Read more »

FRC ALLOWS FUNGIBILITY OF DUAL LISTED STOCKS


In 2018, the dual listing was introduced to the market and it has become a significant development milestone for Mongolian capital market in that it will enable foreign-listed mining companies operating in Mongolia to be listed on the MSE, giving the Mongolian public the opportunity to share the rewards and risks of their businesses. In order to… Read more »

The first half year report of Bodi Insurance JSC


• G.Bilguun Chief Investment officer of Bodi Insurance JSC listed on Tier-I of MSE announced the company’s financial and operational report of the first half year, 2020. The company successfully issued IPO in June and raised MNT 5.3 billion from the public. • Net premium income of Bodi Insurance JSC has totaled MNT 7.7 billion… Read more »

SECURITIES TRADING OF "DARKHAN NEKHII" JSC RESUMES


According to the official notification No: 96 of State Inspector of Financial Regulatory Commission dated July 8, 2020, ‘Darkhan nekhii’ JSC’s securities trading was halted due to the listing amendment of a stock split of 1000-for-1. As the listing amendment is completed, ‘Darkhan nekhii” JSC’s securities trading has resumed starting from August 6, 2020 according to the official notification… Read more »

TRQ: Financial results and review of operations for Q2, 2020


Turquoise Hill Resources company announced its financial results for the period ended June 30, 2020. “Faced with the challenges of operating within the constraints posed by the COVID-19 pandemic, the Oyu Tolgoi team posted outstanding safety and production performance in the second quarter of 2020. The open pit operations have continued uninterrupted, and the underground… Read more »

Net profit of Tavantolgoi JSC decreased by 83%


Tavantolgoi JSC listed on Tier-I of MSE earned MNT 91.7 billion in H1 of 2020, which decreased by MNT 32 billion (25.9%) comparing to the same period of last year as well as net profit of the company fell by 83% from H1 of 2019. The decrease of net profit was driven by the border… Read more »

News around capital market


Companies listed on MSE have been introducing their financial report of the first half of 2020 according to the law on company. APU JSC listed on Tier-I of MSE announced its financial report of H1, 2020. The company has earned MNT 198.3 billion as of the first half of 2020, which rose by MNT 96… Read more »

Erdene Resource Development company introduces bankable feasibility study of Bayan Khundii Gold project


Erdene Resource Development Corporation JSC announced the results of an independent Bankable Feasibility Study for the 100%-owned, high-grade, open-pit Bayan Khundii Gold Project in southwest Mongolia. The Technical Report incorporates an updated reserve estimate for Bayan Khundii. The BFS includes 3.4 million mineable tons from the Bayan Khundii resource at an average diluted head grade… Read more »

Bank of Mongolia: Mongolia will pay down USD 14 billion debt next four years


Bank of Mongolia announced that total foreign debt of Mongolia has reached USD 30.6 billion. In other words, foreign debt of the country is higher 3 times than total economic amount. Also, International Monetary Fund warned that Mongolian foreign debt is higher 5 times than average debt amount of other countries. Central Bank estimated that… Read more »


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