Khan Bank has publicly offered 191,219,800 ordinary shares with a price of MNT 959 from April 13 to 19, 2023, and raised a total of MNT 183,379,788,200 billion.
Regarding the spending of the raised capital, it is clearly stated in the prospectus of the securities, and it is planned to spend as follows:
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35% of the total raised capital, around MNT 64.1 billion, will be invested in information technology, digital product development, and innovation to accelerate the digital transition of banking products.
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34% of the total raised capital, around MNT 62.4 billion, will be used to finance energy-efficient green projects and programs.
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31% of the total raised capital, around MNT 56.9 billion, will be used to finance housing and long-term investment loans.
For the first purpose, MNT 5,134.3 million was spent on information technology and digital product development.
For the second purpose, new loans related to energy-efficient green projects and programs have been approved, but financing has not been committed yet.
For the third purpose, around MNT 56.9 billion, or 31% of the total raised capital, has been fully spent on financing housing and long-term investment loans.
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