Ulaanbaatar
Secondary Market Trading of Shares of Stock Exchange Commenced
Economy
Ulaanbaatar /MONTSAME/. “Mongolian Stock Exchange” JSC commenced secondary market
trading of shares with the alphabet code of “MSE” yesterday.
The Financial Regulatory Commission (FRC) considered the primary
market trading of “Mongolian Stock Exchange” shares successful following its
official letter No. 1/61, dated January 5, 2023, and approved the commencement
of secondary market trading of shares of the company on January 9. FRC
informed allowing investors to receive the remaining balance for their
unallocated orders through their brokerage firms starting today.
The “Mongolian Stock Exchange” JSC raised MNT 57.8 Billion
through 7.417 orders, which exceeded its initial target of MNT 11.9 billion by
4.8 times during its primary market trading. FRC reviewed the subscriptions
according to 7.13 of the Regulation on Security Registration and issued a final
report.
