Opening bell ceremony held for ‘Mandal Daatgal’ JSC

2018-09-05 11:30:59
Ulaanbaatar /MONTSAME/ To honor the occasion of the opening of the stock subscription of Mandal Daatgal IPO, Mr. Bayarsaikhan, Vice Chairman of FRC, Mr. Ganzorig, Board Chairman of 'Mandal Daatgal' JSC, Mr. Javkhlan, CEO of 'Mandal Daatgal' JSC and Mr. Amarbayasgalan, CEO of 'Golomt Capital' LLC visited Mongolian Stock Exchange (MSE) on September 4 and rang the bell to start the 5799th securities trading of MSE. 

The company is offering its 25 percent of total outstanding shares or 1,560,754 shares for MNT4800 per share and aiming to raise MNT7.49 billion. The subscription will be open until 3 pm September 18, 2018. 

'Mandal Daatgal' JSC, established in 2001, has currently 46 thousand insurees and composes 21 percent of the domestic insurance market in terms of their premium income. 

Such an example of insurance company listing on the MSE played a pivotal role in the market that has sought to invite more insurance companies as well as to improve participation of institutional investors in the market which would accelerate the market development.