Financial Regulatory Commission has set up a working group with representation of delegates from Mongolian Stock Exchange and Securities Clearing House and Central Depository on February 21st, 2013. The purpose of the Working group was to make a proposal regarding resolving the issue of companies which have been suspended from trading by the FRC resolution 77 of year 2008.

As a result, Financial Regulatory Commission decided to delist the shares of 57 companies, that have failed to fulfill their obligation repeatedly such as have not announced and held their shareholders general meeting, have not submitted their financial reports and other required documents on reporting time and operationally deficient, from the Mongolian Stock Exchange securities listing.

Financial Regulatory Commission approved the decision to delist the companies in its meeting of 14 August 2013 based on relative laws and regulations and the Working’s group report.
By FRC’s resolution no.278 the 57 delisted companies are obliged to convene their shareholders meeting and decide either to reorganize or liquidate the company and afterwards submit the decision along with the request of delisting from FRC securities listing before 1 December 2013.

 

Please click here to view resolution no.:278 of FRC.

JSC that delisted from securities listing by the resolution no.:278 of FRC:

 

No.    Company name
1       "Agro-Amgalan"
2       "Аrdiin zorig"
3       "Bayanmod uul"
4       "Bat hiits"
5       "Bayanduhum"
6       "tsagaanchuluut"
7       "Del bayanbulagг"
8       "Selenge gur.tej"
9       "Noyon shand"
10     "Orkhon" 
11     "Zaluuchuud"
12     "Khangai" 
13     "Khujirt Urguu"
14     "Shar Khooloi"
15     "Erdeneolgoi tuv"
16     "Urgun jim"
17     "Mandal" 
18     "Zoos trade"
19     "Shakhait khairhan"
20     "Bayankhongor geo"
21     "Sainshand" 
22     "Uvs"
23     "Jargalant-centre"
24     "Bayanbulag-Selenge"
25     "Merei"
26     "Buyantbulag"
27     "Selenge hurd "
28     "Ij buren"
29     "Ikh daats"
30     "Teever tsagaannuur
31     "Avtoteever-27"
32     "Avtodaats”
33     "Uvckhiits”
34     "Jonshit teever"
35     "Тuruun" ХК
36     "Mongol ed impex"
37     "Khalkh buudai”
38     "Atar tuv”
39     "Khangain tsaram”
40     "Gun galuut”
41     "Us-Аrkhangai”
42     "Ugtaal tuv”
43     "Takhilgat”
44     "Shine-Urguu”
45     "Nalaikh-Urguu”
46     "Bayankhaan”
47     "Jimst”
48     "Govi shand"
49     "Tsagaannuur”
50     "Altan useg”
51     "Khuns-tuv”
52     "Аltanduulga”
53     "Undram”
54     "Zuunkharaa-Urguu”
55     "Chandgana"
56     "Asgat"
57     "Bayanbadrakh"
 

Public Relations Department

MONGOLIAN STOCK EXCHANGE