‘LendMN’ JSC,  the most recent company listed on the MSE, announced that it will  convene its Extraordinary Shareholders' Meeting on 10 May 2018 and the  meeting agenda included the discussion on 'Approval of the share  buyback'.  

 In  accordance with the Clause 33.7 of Company Law of Mongolia, the shares  bought back by the company are considered to be authorized but not  issued share. Therefore, the reduction in the number of issued  shares may present the risk of failure to comply with the listing  requirements set by the Mongolian Stock Exchange. In accordance with the  direction given by the Mongolian Stock Exchange, ‘LendMN’ JSC removed  the issue of ‘share buyback’  from the agenda of the Shareholders'  Meeting, scheduled on 10 May 2018.

Source: MSE.mn