Net profit of “Mandal Insurance” JSC increased by 50 percent in 2019

“Mandal Insurance” JSC listed on Tier-I of MSE announced its operating report of the fourth quarter of 2019. Net profit of the company increased by 50 percent in 2019 and reached MNT 5.8 billion, which was driven by investment income. Number of clients of the company has risen by 62 percent during the reporting period… Read more »

Erdene Resource Development Corporation intersects 23 meters of 17g/t gold at Altan Nar and expands New Khar Mori gold prospect on Khundii license

“Erdene Resource Development Corporation” JSC announced its report results from the Q4-2019 exploration program on its Altan Nar, Khundii and Ulaan licenses. “We are very encouraged by the results of the December 2019 drilling at Altan Nar which returned multiple shallow intersections in excess of 50 g/t gold,” said Peter Akerley, Erdene’s President and CEO…. Read more »

The ownership of Mongolian Beverage Investments in APU JSC was transferred to Shunkhlai Group

“Mongolian Beverage Investments” company which owned 5.15 percent or 55,212,572 shares of “APU” JSC merged with “Shunkhlai Group” LLC. As a result, 5.15 percent ownership of “APU” JSC was transferred to “Shunkhlai Group” LLC. As a result, “Shunkhlai Group” LLC owns 56.03 percent stock of “APU” JSC. “Shunkhlai Group” LLC bought 36.11 percent of the… Read more »

19 companies distributed their dividend

32 joint stock companies listed on Mongolian Stock Exchange has decided to distribute dividend from their net profit of 2018. Of which 19 companies have placed their dividend at securities account of their shareholders in Central Securities Depository. In Particularly, APU, Gobi, Tavantolgoi, Mandal Insurance and Ard Insurance included in the list of companies which… Read more »

Invescore NBFI’s stock hikes 62.13 percent since IPO launch

Shares of Invescore NBFI JSC have maintained a steady rise after its record high and reached to MNT 2,594 as of Monday. Specifically, following the company’s IPO on the stock market in June 2019 and the sale of 1,600 shares, the price increased by 62.13 percent or MNT 994. Currently the largest shareholder of the… Read more »

Invescore NBFI will cooperate with Alibaba Group

Alibaba group and Invescore NBFI signed agreement to cooperate on Mongolian market on January 08, 2020. S.Undarmaa Executive Director of Alicore joint company gave an interview on the matter. Alibaba Group is a mission to expand its online trading platform and eco system to international level. In accordance with the mission, the company is working… Read more »

Two companies distributed their dividend

Two companies listed on Tier-II of MSE distributed their dividend from net profit of 2018 last week. In particularly, “Arig Gal” JSC distributed dividend of MNT 29.24 per share, which was the amount to be reduced individual income tax. The company has placed MNT 17.3 million at the account of 7,368 shareholders. Furthermore, “Ulaanbaatar Khivs”… Read more »

“Achit Ikht” company distributed dividend

“Achit Ikht” company has been owned preferred shares to the employees of “Erdenet Factory” and “Achit Ikh”t LLC through the “Achit Zes” JSC on September, 2018 and the company distributed its dividend of the fifth quarter. The company has created a chance to receive efficiency of its factory to the its employees through issuing preferred… Read more »

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