Companies attracted MNT 18 billion with public offers

2018-08-09 14:18:50
Ulaanbaatar /MONTSAME/ Over the last year the Mongolian Stock Exchange (MSE) has been active and domestic entrepreneurs have issued initial and additional stocks to expand their businesses and increase market shares.

In the first half of the year, three companies issued IPO and one FPO at the MSE, attracting a total of MNT 18 billion. Compared with the same period of the previous year, the stock trading increased by 2.9 times.

Following the public offers the process of creating new jobs, maintaining real economic growth are intensified and confidence in stock market rises. Chairperson of the Financial Regulatory Commission (FRC) S.Davaasuren emphasized that the advanced technology, construction and agricultural sectors companies including domestic food and agricultural companies issued IPO.

During the privatization operations held in transition period to a market economy in Mongolia, 475 state-owned factories and enterprises were privatized and 204 of them are currently listed on the MSE.