Baganuur and Shivee Ovoo coal mines under technical renovation


Technology and equipment upgrades are underway at Baganuur and Shivee Ovoo coal mines under the “Erdenes Mongol” LLC with a view to ensuring reliable and normal operations of the coal mines, electricity source suppliers in the country. On December 24, Minister of Finance Ch.Khurelbaatar and Director of Infrastructure and Environment Finance Group of the Japan… Read more »

LendMN JSC announced a program to repurchase its shares


Board of Directors of LendMN JSC issued a decision to announce a program to repurchase its share in order to increase liquidity of the stock. The company explained that its stock price has been a lower. In particular, PE ratio of the company has been 10 times lower than the valuation of 2018 and 2… Read more »

Attention to the shareholders of Bayangol Hotel JSC


According to the Resolution No.: 02 of ‘Bayangol Hotel’ JSC dated on September 30, 2020, the Company decided to postpone the dividends distribution until the dividends payment date of 2021. The Board of Meeting Resolution was received by Mongolian Stock Exchange on December 16, 2020. The company explained that unexpected pandemic condition has negatively affected… Read more »

Attention to the shareholders of Genco Tour Bureau JSC


According to the Resolution No.01 of Board of Directors of Genco Tour Bureau JSC dated 19th February 2020, the company would distribute dividend of MNT 799.8 million or MNT 10 per share from its net profit of 2019 to its shareholders. However, company business has been under difficult situation due to unexpected pandemic. Therefore, Board… Read more »

AM Best assigned “BB+” credit rating to Mandal Insurance JSC


Mandal Insurance JSC became the first Mongolian company which was assigned credit rating by AM Best Agency. The AM Best affirmed a Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” to Mandal Insurance JSC. The outlook assigned to these Credit Ratings is stable. The ratings reflect Mandal Insurance JSC’s… Read more »

Mongolian Stock Exchange registered total outstanding shares of Erdene Resource Development in Toronto Stock Exchange


Altai CEO of Mongolian Stock Exchange informed that MSE registered total outstanding shares of Erdenes Resource Development in Toronto Stock Exchange. As a result, market capitalization of Mongolian Stock Exchange is expected to increase by around USD 100 million. Whereas A.Bilguun Vice President Business Development stated that currently they are discussing to transfer stocks of… Read more »

Steppe Gold to be cross-listed on Mongolian Stock Exchange


Steppe Gold company listed on Toronto Stock Exchange issued a decision to cross-list on Mongolian Stock Exchange and raise money from the public. The company firstly offered its shares and raised CAD 21.1 million on Toronto Stock Exchange in 2018. Now market capitalization of the company has reached CAD 143 million. The company has mined… Read more »

More than 70 employees of Shivee Ovoo deposit tested for Covid-19


Shivee Ovoo JSC has resumed its operation due to the cancellation of strict lockdown in Gobisumber province. As of the end of November, more than 70 employees of Shivee Ovoo JSC tested for Covid-19 and executives of the company highlighted that all employees of the company will test for Covid-19 this week. Also, the employees… Read more »

Local companies raised MNT 77.3 billion from long term investment


Companies raise money from loan of commercial banks or investment. Mongolian Stock Exchange was founded in 1990; however, development of capital market or investment has been inactive during the period. In order to raise money from capital market, the companies must fulfill some requirements of regulatory institutions and spend more time on investigation process. On… Read more »


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