On October 2, 2023, "Ard Financial Group" JSC owned a controlling shareholder of 93.27 percent or 48,460 shares of the total 51,956 shares issued by "Khuvsgul" JSC.

Therefore, based on Article 22 of the Securities Market Law, Article 57, Section 57.1 of the Company Law, Article 3, Section 3.1 of the Financial Regulatory Commission's "Procedures for the Purchase of Shares of a Joint Stock Company", a tender offer was made for the purchase of shares owned by other shareholders who are not controlling shareholders.

The number of shares owned by “Ard Financial Group” JSC and related parties is 48,460 shares.

Offering price:                                                                                MNT 126

Number of shares to purchase:                                                     3,496

The commencement date of the offer to purchase shares:           December 25, 2023.

The expiration date of the offer to purchase shares:                     January 29, 2024.

Payment date:                                                                                January 31, 2024.

Information of the legal entity making the tender offer:

Company name: “Ard Financial Group” JSC

Address: 2nd floor of "Ard Financial Group" JSC office, 8th khoroo, Sukhbaatar district, Ulaanbaatar

Company registration number: 2001861

For more information, please call 77078080. 

MONGOLIAN STOCK EXCHANGE