The companies that launched IPOs and attracted fund from the public in order to expand their operations announced that they will distribute dividends. 

Management of the companies such as ‘Itools’ JSC and ‘LendMN NBFI’ JSC believe that it is right to distribute dividends to its shareholders because the companies have been benefiting from its IPO issuance. The Board will determine the amount of the dividend after final financial statements are audited.

‘Itools’ JSC launched its IPO and attracted MNT 1.3 billion from the public in November 2017. After its IPO, share price of the company had increased by 2.5 times to MNT 250 in two weeks. The company will publish its financial on January 25, 2019.

‘LendMN NBFI’ JSC launched its IPO in March 2018. According to the preliminary estimation, the company earned MNT 2.5 billion in 2018.

Source: BloombergTv.mn