Erdene Resource Development Corporation, the first cross-listed company on the Mongolian and the Toronto Stock Exchanges, issued additional 17,484,662 common shares or 5.9% of its total shares for gross proceeds of MNT 14,249,999,530 billion (~USD 5 million) from institutional and private Mongolian investors on October 4-8, 2021. The offering was oversubscribed by 46% with totaling… Read more »

“Erdenes Tavantolgoi” JSC’s highlights in July and August

“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 started to buy back its shares

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 »

Market Commentary

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 »

D.Dayanbilguun: Every investor who purchases Erdenes tavantolgoi bond makes a great contribution to national development

“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 »

The second tranche of ETT bonds will start on August 16

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 company with a market capitalization of one trillion MNT

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 »

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