The regular meeting of the Financial Regulatory Commission was held on November 30th. 

The FRC made resolution on listing amendment of a stock split of 100-for-1. As a result, 7,801,125 units of shares of ‘Gobi’ JSC with nominal value of MNT 100 will be turned into 780,112,500 units of shares with nominal value of MNT 1. A stock split can help improve liquidity of stocks, increase the number of shareholders and market capitalization and decrease ownership concentration. Therefore, ‘Mongolian Stock Exchange’ JSC and ‘Mongolian Central Securities Depository’ LLC were obliged to execute share-split within 10 working days. 

At the meeting, ‘Transport and Development Bank’ LLC granted special license for underwriting operations in the securities market. As a result, 25 companies provide underwriting services in the market.

Source: Financial Regulatory Commission