To honor the occasion of the opening of the stock subscription of Tumen Shuvuut IPO, Ms.Davaasuren, Chairwoman of FRC, Mr.Altai, CEO of Mongolian Stock Exchange, Mr.Erkhembayar, Founder of “Tumen Shuvuut” JSC, Mr.Bold, CEO of “Tumen Shuvuut” JSC, and Mr.Munkhjargal, CEO of “Golomt Capital” JSC visited Mongolian stock exchange and rang the bell to start the 5,892th securities trading of MSE.

“Tumen Shuvuut” JSC started its operation in 2004 with 18 employees and 20,000 egg laying chickens. Currently, with more than 160 employees and 310,000 egg laying chickens, it became the leading company of Mongolian egg producing industry by producing 53 percent of its industry.

The company is offering its 25 percent of total outstanding shares or 50 million shares for MNT 200 per share and aiming to raise MNT 10 billion to expand chicken farming and irrigation, flour and feed production, and to build new farms and organic fertilizers. The subscription will be open until 3pm January 31, 2019.  

In case of oversubscription, MNT 3 billion of shares will be allocated equally to all investors and the remaining MNT 7 billion of shares will be allocated on pro-rata basis.

Source: Mongolian Stock Exchange