Khukh Gan JSC stock grows 67.8 percent

ZGM DAILY

2018-04-12 16:09 GMT+8

MSE-listed firm Khukh Gan JSC, which has been stagnant since 2015, announces that it plans to manufacture direct-reduced iron (DRI) and aglomerat this year. The company released an IPO in 2008 and raised a total of MNT 3.2 billion from the public.

Consequently, the firm implemented a project on establishing DRI plant with an annual capacity of 30 thousand tons in Erdenet city. Presently, 52.5 percent share of the company is owned by Beren Group and 25.7 percent by BDSec securities firm. Shareholders' meeting of Khukh Gan JSC is expected to convene on April 30. The company’s stock price has grew 67.8 percent within a year, to MNT 100.

 

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