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  • Be informed by our high-quality research about Mongolia’s emerging economy.

    brokerage
  • Be informed by our high-quality research about Mongolia’s emerging economy.

    brokerage
  • Be informed by our high-quality research about Mongolia’s emerging economy.

    brokerage

Merex IPO

 

Standard Investment successfully conducted the first IPO of 2014 on the MSE since E-Trans Logistics listed in 2012. Merex JSC, the newly listed company, is a concrete manufacturer established in 2012 in Ulaanbaatar. Merex JSC issued 40% of its ordinary shares (26,000,000 shares, MSE:MRX) to the public at 100 MNT per share. The proceeds will be used for purchasing concrete mixture trucks and other fleet, office building construction and some infrastructure.

 

Secondary market trading to start

The primary market trading of Merex was successfully conducted on April 10th, 2014. The secondary market trading should be started within 3 days (18th April), again with permission of the FRC.

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