According to the provision 22.1.1 of the Securities Market Law which states that an offer to purchase the shares of a company shall be made by a shareholder of the company alone or together with its connected persons, or else a person that is not a shareholder, making an offer for the purchase of all or more than a controlling block of the shares of the company on a voluntary basis, “Tavan Bogd Invest” LLC has made an offer to purchase the whole common shares or 174,136 shares of “Atar Urguu” JSC, a Tier 2 company of MSE and offering price was MNT 60,200 for per share.

A tender offer to buy shares were continued between 26th of September to 1:00 pm of 31st of October 2019 and 76,713 shares of "Atar-Urguu" JSC traded by tender offer at MNT 4.6 billion which is 44% of the company’s total share.

Source: Mongolian Stock Exchange