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‘SUU’ JSC: SINCE THE SHARE SPLIT, THE NUMBER OF MINORITY SHAREHOLDERS INCREASED BY 4 TIMES OVER THE LAST 2 YEARS

‘SUU’ JSC: SINCE THE SHARE SPLIT, THE NUMBER OF MINORITY SHAREHOLDERS INCREASED BY 4 TIMES OVER THE LAST 2 YEARS


‘Gobi’ JSC has approved 100-for-1 share split in order to increase its stock liquidity. Lastly, ‘Khuvsgul Altan Duulga’, ‘Darkhan Hotel’, ‘UB-BUK’, ‘APU’ and ‘Suu’ companies have split their shares.

Image result for СҮҮ ХКOf these, ‘Suu’ JSC made a 1,000-for-1 share split in June 2016. As a result, trade volume of shares increased and shares worth MNT 115 million were traded within one week. However, share price fell 8.1 percent over the same period. Since the stock split, the company’s share price has reached to a maximum of MNT 270, and lastly reached MNT 224. In May of 2016, 93.8 percent of the total shares of the company were owned by three large shareholders and the remaining 6.2 percent were owned by 358 minority shareholders. As of September of this year, 92.7% of the total shares of the company were owned by 3 large shareholders and the remaining 7.3 percent were owned by 1,568 minority shareholders. In other words, the number of small shareholders of the company has increased by four times over the last two years.

Image result for апу‘APU’ JSC split its shares in ratio of 1:10 in 2016. After the stock split, trading volume did not increase, but the stock price was relatively stable. The number of small shareholders has increased. For instance, 8.3 percent of total shares of the company was owned by 3,492 small shareholders before the stock split. This figure rose to 5,623 minority shareholders in September 2018. The share held by small shareholders declined, accounting for 6.3 percent of the total shares.

Image result for хөвсгөл алтан дуулгаThe company, whose share price increased at the maximum level, was ‘Khuvsgul Altan Duulga’ JSC. Share price has increased by 2 times over 1 month. As of April of this year, 78.4 percent of the company were owned by 2 majority shareholders, and the remaining 21.6 percent were owned by 167 minority shareholders. In September, the number of large shareholders increased to 5, while minority shareholders started to own 20.9 percent of the company.

The Mongolian Stock Exchange reported that stocks concentration is still high among more than 200 stock companies listed on the MSE. For example, about 60 percent of listed companies are not liquid enough, and the trading of 32 companies are stopped.


Source: BloombergTv.mn


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