The Financial Regulatory Commission regular meeting took place on December 14th.

200 million shares of “Tumen shuvuut” LLC, a manufacturer and trader of eggs, with a nominal price of 20 tugrugs has been registered. The company plans to issue 25 percent of its shares in an Initial Public Offering through the “Mongolian stock exchange” JSC and will issue 50 million shares at 200 tugrugs fixed price. “Golomt capital UTSK” LLC is working as the underwriter and primary market trading will be deemed successful if 100% of the shares are subscribed.

Also in the meeting, “MIK active eighteen” LLC asset backed security issuance operation was approved and registered 950,068 shares with 100,000 nominal price, backed by mortgage debts up to 30-year terms.

Moreover, “Bayan-Aldar” JSC share registration has been modified and resolutions concerning some operations about Mongolian Commodity Exchange brokers “Metu KHAAB”, “Khanburged Khentii KHAAB”, Altanshagai impex KHAAB”, “Badarkhundaga orgil KHAAB”, “Santlans KHAAB”, “Bayarplant KHAAB” LLC were issued.

Source: Financial Regulatory Commision