On June 24, Minister of Construction and Urban Development D.Tsogtbaatar opened the 5005th security trading of Mongolian Stock Exchange (MSE).
During this ceremony, MSE, the Ministry of Construction and Urban Development and Mongolian National Construction Association announced its cooperation by signing Memorandum of Understanding.
By establishing Memorandum of Understanding, construction companies are able to raise funds from stock market.
In scope of the Memorandum of Understanding, following projects are planned to be implemented:
- To issue IPO or attract long term funds from capital market by offering shares to the public - To take advantage of stock market during the time that loan interest of the banks are high, requires deposit and guarantee and provides short term funds.
- To issuecorporate bond - Attract fund by issuing bond at stock market, protect the risk of investors by including insurance sector to the company bond and the insured bond to be released in June to the stock market
- To fund construction sector companies by using other financial instruments
- To organize stock market trainings and seminars for construction sector companies and ensure professional advise, reported by the MSE.
On June 24, Minister of Construction and Urban Development D.Tsogtbaatar opened the 5005th security trading of Mongolian Stock Exchange (MSE).
During this ceremony, MSE, the Ministry of Construction and Urban Development and Mongolian National Construction Association announced its cooperation by signing Memorandum of Understanding.
By establishing Memorandum of Understanding, construction companies are able to raise funds from stock market.
In scope of the Memorandum of Understanding, following projects are planned to be implemented:
- To issue IPO or attract long term funds from capital market by offering shares to the public - To take advantage of stock market during the time that loan interest of the banks are high, requires deposit and guarantee and provides short term funds.
- To issuecorporate bond - Attract fund by issuing bond at stock market, protect the risk of investors by including insurance sector to the company bond and the insured bond to be released in June to the stock market
- To fund construction sector companies by using other financial instruments
- To organize stock market trainings and seminars for construction sector companies and ensure professional advise, reported by the MSE.