FRC approves IPOs for Ard Daatgal and Mandal Daatgal

The American Chamber of Commerce in Mongolia

2018-08-31 08:57 GMT+8

The Financial Regulatory Commission registered 25 million shares of Ard Daatgal, valued at 200 MNT per share, and 6.2 million shares of Mandal Daatgal, valued at 1,000 MNT per share.

Ard Daatgal has been permitted to conduct an initial public offering for 30 percent (7.5 million) of its registered shares at the price of 700 MNT per share, and Mandal Daatgal has been allowed to raise capital with the sale of 25 percent (1.6 million) of its registered stocks through an IPO with a single share price of 4,800 MNT.         

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