Ulaanbaatar
"Golomt Bank" LLC has registered shares to be issued as public offer
Economy
Ulaanbaatar /MONTSAME/.
A total of 31 issues were discussed at the 20th regular
meeting of the FRC (9 November 2022), and decided to register the ordinary
shares of "Golomt Bank" LLC in the register of securities approved
for public offering. "Golomt Bank" LLC is the second bank among
influential banks in the banking system to register its shares for public
offering within the framework of the reform of the banking system.
Implementation of public offering of shares (IPO) by banks will increase the
value of the stock market, increase the number of new products with good
liquidity, improve the activity and participation of foreign and domestic
investors, and make banking operations more transparent and open. In addition
to the creation of long-term sources of financing for banks and the increase in
credit output, it will be an important step in creating a multi-pillar
financial system.
Also, it was
decided to register bonds to be issued under the program as a public offering
of "Invescor BBSB" JSC. The company plans to raise a total of MNT
50.0 billion by partially issuing its bonds.
It was also
decided to register;
- securities backed
by assets issued by two companies,
- two companies as
legal entities that provide legal advice to participants in the securities
market,
- to grant a
special license to one company to engage in investment management activities.
Also:
- two companies
were granted a special license to operate as a real estate brokerage
organization,
- three individuals
were granted a special license to operate as a trader in precious metals,
precious stones, or articles made from them,
- four savings and
credit cooperatives were granted a special license to operate, and
- one approved changes in the structure and composition of the company's shareholders,
- to restore the special license of one company to engage in brokerage activities in the securities market and six companies to engage in non-banking financial activities.
FRC
