“Erdenes Tavantolgoi” JSC is the largest coal exporter of Mongolia and owns 66% of “Tavantolgoi Railway” LLC and “Zuunbayan Railway” LLC, 30% of “Tavantolgoi Thermal Plant” LLC, and 40% of “Gashuunsukhait Autoroad” LLC. The company publicly announced the following highlights from its operation in July and August 2021. In July, “Erdenes Tavantolgoi” JSC mined 232,841.48… Read more »
Bodi Insurance JSC issued IPO, offered 20% of its shares to the public, and became a public company in June 2020. The company operated with net profit of MNT 2 billion in 2020 so Board of the company decided to allocate dividend of MNT 5 per share from its net profit 2020. The company is… Read more »
APU and Suu JSC decided to allocate dividends based on the first half year performance of 2021. According to the Resolution No. 15 of the regular meeting of shareholders dated August 18, 2021, shareholders of Suu JSC approved the distribution of MNT 1.7 billion to its shareholders by a dividend of MNT 5.14 per share… Read more »
Khan Bank has taken consecutive steps since February 2021 to become a publicly listed company, in accordance with new laws and regulations. As part of these actions, Khan Bank’s IPO Action Plan was submitted to the Bank of Mongolia (BoM) and the Financial Regulatory Commission (FRC) on June 30, in accordance with the amended Banking… Read more »
“Erdenes Tavantolgoi” JSC – the largest coal exporter of Mongolia is issuing corporate bonds in three tranches on the Mongolian Stock Exchange. D.Dayanbilguun CEO of “BDSec” JSC, a lead underwriter to the bond, talked about the bond. Highlights from the interview follows: “Erdenes Tavantolgoi” JSC is issuing dual currency (USD and MNT) corporate bonds to the public on the… Read more »
For the first time in Mongolia, “Erdenes Tavantolgoi” JSC has announced the issuance of “ETT Bond” with a total value of up to 2 trillion MNT in order to implement major projects and finance working capital. Also, the company is issuing the bond in both of USD and MNT. The ETT bond is planned to… Read more »
APU JSC became the first publicly-traded company listed on the Mongolian Stock Exchange to exceed MNT 1 trillion in market capitalization. Chief Executive Officer of the Mongolian Stock Exchange Kh.Altai said, “APU JSC’s management approach and corporate governance development have been taken to a new level, demonstrating to other large companies that it is possible… Read more »
Tavantolgoi JSC presented its financial results for the first half of 2021. This year sales revenue and net profit were at the lowest performance in five years. In particular, the company’s sales revenue reached MNT 69 billion, a decrease of 22.9 percent from the same period of the previous year, and net profit of MNT… Read more »
APU, the market leader, has announced its financial results for the second quarter of 2021. APU JSC and its subsidiaries reported sales of MNT 305 billion in the first half, earning a net profit of MNT 81 billion or MNT 76.9 per share. It is an increase of 34.9 percent in sales revenue and 81… Read more »
Fitch announced on May 25, 2021 that it has re-affiliated Mongolia’s credit rating at ‘B’ and the outlook at ‘Stable’. According to the press release, the economic situation in Mongolia is stable on the following grounds: Mongolia’s governance and per capita income are good compared to other B-rated countries. However, the increase in valuations is… Read more »
