Monos Foods to launch IPO

2019-03-14 12:33:14

Ulaanbaatar /MONTSAME/ At its meeting on March 13, the Financial Regulatory Commission granted permission to Monos Foods LLC for issuing IPO at the Mongolian Stock Exchange. The company aims to draw MNT 8.5 billion from the market, offering 30 percent or 122 million shares for MNT 70 per share.

With the raised capital, Monos Foods plans to establish a factory for liquid medical food with advanced technology and equipment that meets the GMP, ISO-9001:2015, HACCP international standards.

The new factory will increase the current production capacity by 24 times and product diversification, allowing the company to meet the market demands. It will also contribute to the protection of public health through liquid food rich in vitamins and minerals that boost immune system and prevent from diseases.