The Financial Regulatory Commission at its Meeting held on 23 May 2019 passed the Decision to list the total of 466.7 million shares of “Most Fintech” NBFI, financial service provider. According to the resolution No. 126, 22.3 percent or 103.8 million shares of the total outstanding shares of the company will be offered to strategic investors and the public by method of bookbuilding. The Company was listed on the Mongolian Stock Exchange as a Tier III issuer by the MSE CEO's Order No. A/25 dated March 29, 2019.
“Most Fintech” NBFI offers its 11.12 percent or 51.8 million shares at the price MNT 47.0 per share to strategic investors and the remaining 11.12 percent or 51.8 million shares at the price MNT 47.0 to the public, and the proceeds of MNT 4.8 billion shall be used for funding loan sources and expanding operations.
The company agreed to sell an additional 11.1 percent or 51,649, 942 shares at a price of 47 MNT per share if the issue is oversubscribed.
The issue is underwritten by "S G Capital" LLC, and auditing service is provided by "Khulegt Khunnu Audit" LLC, legal due diligence by "Batbayar and Partners" LLC and asset valuation by "Coordinate Audit" LLC.
MONGOLIAN STOCK EXCHANGE