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 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 »
“Khorgo Khairkhan” JSC listed on Tier-III of Mongolian Stock Exchange discussed and issued a decision to merge with “Mongol Insurance” JSC at the meeting of shareholders on April 27, 2018. After the decision, the process had been delayed due to few reasons whereas Financial Regulatory Commission issued a decision to approve the process to merge… Read more »
Gobi JSC, which is promoting Mongolian cashmere globally, has officially opened its website for its German customers on December 06, 2019. The company has been successful in identifying its brand to customers since the time it had entered the European market. The company is now far more accessible and close to customers offering new favorable… Read more »
Few companies listed on Mongolian Stock Exchange has been issuing closed-end bond for last period. The companies have get their permission to issue closed-end bond from Financial Regulatory Commission. Looking at the list of companies, the companies have issued IPO and FPO on Mongolian Stock Exchange since 2018. LendMN NBFI Bond’s nominal price: 1,000,000 MNT… Read more »
Mongolian Stock Exchange (MSE) ascribes that the most important step to attract foreign investors is to enlist in the capital market classification of “FTSE Russel” company in London. Approving the DVP and T+2 payment system, the international standard, is one of the initial steps to take. The abbreviations T+1, T+2, and T+3 refer to the… Read more »
“Mandal Insurance” JSC listed on Tier-I on MSE issued a decision to split stock at the annual general meeting of shareholders on April 30, 2019 as well as they submitted their request to split stock to Financial Regulatory Commission on May 14. Stock split of “Mandal Insurance” JSC will be 100-for-1. As a result, number… Read more »
“S&P” agency affirmed Mongolia’s credit rating at “B” category or “Stable” outlook. The agency highlighted that Mongolian budget performances have been upgrading due to the increase of raw material’s price, budget discipline and economic growth. On the other hand, an amount of debt of Mongolia has been higher and the country will be paying down… Read more »
“Mandal Insurance” JSC listed on Tier-I on MSE issued a decision to split stock at the annual general meeting of shareholders on April 30, 2019 as well as they submitted their request to split stock to Financial Regulatory Commission on May 14. Stock split of “Mandal Insurance” JSC will be 100-for-1. As a result, number… Read more »
The Closed-end Fund Listing Rules that approved by Mongolian Stock exchange’s Board of Directors on June 28th, 2019, has been approved by the FRC Chairperson’s Order No.537 on November 13th, 2019. In recent years, Mongolian capital market has gone through a rapid transformation and an IPO boom and in 2018, it reached the historical record… Read more »
