According to the provision 22.1.1 of the Securities Market Law which states that an offer to purchase the shares of a company shall be made by a shareholder of the company alone or together with its connected persons, or else a person that is not a shareholder, making an offer for the purchase of all or more than a controlling block of the shares of the company on a voluntary basis, “Tavan Bogd Invest” LLC has made an offer to purchase the 55.95% of common shares that amounts 97,423 shares of “Atar Urguu” JSC, a Tier 2 company, on the 13th of November 2019.
Moreover, according to Financial regulation committee’s provision of 5.4 of the “Regulation on making an offer to purchase and purchasing the shares of Joint Stock Company”, the “Tavan Bogd Invest” LLC has made a purchase offer again.
Offeror: ‘Tavan bogd invest’ LLC
Offering price: MNT60,200
Number of shares to purchase: 97,423
Starting date: November 13, 2019
Closing date: 1pm, December 16, 2019
Payment date: December 17, 2019
Share ownership of the offeror: 76,713 shares or 44.05 percent
Securities Company of the offeror: "BDSec" JSC /Contact: +976-75551919-04/
Address to receive an offer: 10th floor, Khan Bank tower, Chinggis Avenue-6, Stadium Orgil-1, Khan-Uul district, Ulaanbaatar 17010, Mongolia, Tel: 976- 75112222. E-mail address: firstname.lastname@example.org
MONGOLIAN STOCK EXCHANGE