Latest News

KHAABZ JSC, “SANAR” LLC and "Delgerkhangai Sec" LLC rights reinstated.
"Tsuutaij" JSC has renamed to "Orkhon Khugjil" JSC
"Mongol Makh Expo" JSC is turning into LLC

TRADING RIGHTS OF “KHAABZ” JSC AND TWO OTHER BROKERAGE FIRMS RIGHTS REINSTATED

By the Resolution No.:380 of Financial Regulatory Commission dated on 13 October 2015, the trading right of “KHAABZ”JSC has been reinstated.

As well as Pursuant to the Clause No.: 81.1 of Company Law, the Clause No.: 8.2.1, 8.3 of Membership regulation of MSE and the Order of Acting CEO of MSE, the trading license of “Sanar” LLC and "Delgerkhangai Securities" LLC securities companies have been reinstated from 22 October 2015.

MONGOLIAN STOCK EXCHANGE BECOMES A SELF-REGULATORY ORGANIZATION

During the special meeting of Financial Regulatory Commission on October 13, 2015; Mongolian Stock Exchange was decided to become a self-regulatory organization.

As MSE becomes a self-regulatory organization, MSE will be able to set its own standards and requirements for the listed companies; furthermore, it will able take action against unqualified companies. Also, MSE can work with international stock exchanges and other international organizations to develop capital market.

"Mongol Makh Expo" has delisted from MSE

Pursuant to the 2015's 309th resolution of FRC, the registration inspection report that has been done by the "Mongol Makh Expo" JSC's request and July 7th 2015's Board of Directors meetings' decision Mongolian Stock Exchange has been delisted "Mongol Makh Expo" JSC's 328,609 shares. The company will go through restructure and change JSC status to LLC.

Тус компани Монголын хөрөнгийн биржийн бүртгэлээс хасагдсанаар компанийн зохион байгуулалт өөрчлөгдөж хязгаарлагдмал хариуцлагатай компани болж байгаа юм.

THE TENDER OFFERS FOR PRIVATIZATION OF STATE-OWNED COMPANIES ANNOUNCED

According to the Resolution No.: 70 of Mongolian Parliament dated on 03 July 2015, the Resolution No.:330 of Mongolian Government dated on 17 August 2015 and the Order of Minister of Finance, the working group of the privatization for state-owned enterprises has been established. As guidance of the working group, State Property Committee /SPC/ announced the tender offer for choosing the companies that could provide underwriting and advising services on following state-owned enterprises:

BOLOR.M APPOINTED AS ACTING CEO OF MONGOLIAN STOCK EXCHANGE

According to the Resolution of shareholder meeting and Resolution of Board of Directors meeting of Mongolian Stock Exchange /MSE/, dated on 28 September 2015, Angar.D resigned as the Acting CEO of MSE and Bolor.M appointed as Acting CEO of Mongolian Stock Exchange. Mr. Bolor Munkhsaikhan enhanced his career at Economic School in Berlin, Germany and Rice University in Texas, USA. He received his Master of Science in Bank and Finance from the University of Luxembourg. He started his career as an economist in Monitory Policy and Research Department of Mongol Bank.

TENDER OFFER FOR "MONGOL EEG" JSC'S SHARE PURCHASE

According to the clause No.: 57.1 of Company Law, the clause No.: 22 of Mongolian Securities Law and the clause No.:3.1 of Rules on tender offering to buy shares of joint stock company on mandatory and/or voluntary basis, joint interest party of “Mongol EEG” JSC (MEG) offered the tender offer to buy 61,044 shares from non-joint interest shareholders of “Mongol EEG” JSC. The proposed buyout price is MNT 1,400.00 (one thousand four hundred tugriks) and the offer is valid for 30 (thirty) days starting from 30 October 2015.

ATTENTION TO SHAREHOLDERS OF “ZOOS GOYOL” JSC

Pursuant to the Resolution No.:366 of Financial Regulatory Commission /FRC/ dated on 25 September 2015, the decision to make listing amendment to “Zoos Goyol”JSC for 1-288 reserve split which grouped every 288 shares with MNT100.00 per share into 1 share with MNT28,800.00 per share has been approved. Regarding reserve split, following rights have become available for shareholders of “Zoos Goyol” JSC:

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