Ulaanbaatar
And Energy to offer 34 per cent of its shares to public
Economy
Ulaanbaatar /MONTSAME/ On October 09, the Financial Regulation Commission (FRC) made a decision to register 78 million 070 thousand and 758 shares of the And Energy LLC worth of MNT1 per unit as the company becomes a joint stock company.
The energy company, which was established in 2011, carries out business in electricity installation and automation and opened its LED factory at the Erdenet LED in 2014. To increase capacity of the factory, the company has been reshaped as joint stock company to trade 34 per cent of its shares to public.
The FRC registered 51 million 526 thousand and 700 shares or 66 per cent of the total shares to the ownership of the founders and the share holders of the And Energy and approved to trade 26 million 544 thousand and 058 shares at MNT60 per unit.
The Mongol Securities Exchange (Mongoliin Unet tsaasnii Birj) LLC, the first private exchange in Mongolia, will make its first ever trading with this IPO. The Mongol Securities Exchange has obtained special license in 2015 and now has 11 member companies.
The energy company, which was established in 2011, carries out business in electricity installation and automation and opened its LED factory at the Erdenet LED in 2014. To increase capacity of the factory, the company has been reshaped as joint stock company to trade 34 per cent of its shares to public.
The FRC registered 51 million 526 thousand and 700 shares or 66 per cent of the total shares to the ownership of the founders and the share holders of the And Energy and approved to trade 26 million 544 thousand and 058 shares at MNT60 per unit.
The Mongol Securities Exchange (Mongoliin Unet tsaasnii Birj) LLC, the first private exchange in Mongolia, will make its first ever trading with this IPO. The Mongol Securities Exchange has obtained special license in 2015 and now has 11 member companies.
B.Ooluun
