"Mon Beef" company started its initial loan trading today by offering 30 percent of its total shares or 64,285,700 shares to the public at MNT 45 each and collecting MNT 2,892,856,500.
Altai.Kh, the Executive Director of the Mongolian Stock Exchange, opened the ceremony by ringing the bell. He also pointed out that the Mongolian Stock Exchange has exempted 100% of the trading fees paid by issuers of shares and investment funds in the primary market, which tends to expand the scope of market participants.
Also at this event were Jambaajamts.T, Head of the Financial Regulatory Commission, Executive Director of "Mon Beef" Company Ariunbaatar.N, Executive Director of "Tavan Bogd Capital" Monkh-Erdene.G, Executive Director of "Apex Capital" Lhamdolgor.B participated and gave a speech, and Ariunbaatar.N, the Executive Director of "Mon Beef" company, solemnly opened the 6772nd trading session of the Mongolian Stock Exchange and struck a ceremonial bell.
As for the Mongolian Stock Exchange, orders for the securities offered to the primary market of the "Mon Beef" company will be accepted through its IPO system starting today and ending on August 12th between 10:00 and 17:00.
In addition, if the amount of orders given to buy shares from the public exceeds the supply during the primary market trading, a percentage will be applied. In doing so, the company's shares began to be traded in the primary market, with the condition that each order of 10,000 units or less will be fulfilled without a pro rata share.
Click here for the securities prospectus.
MONGOLIA STOCK EXCHANGE