Erdenes TT to register shareholders www.news.mn
On 1 March, the executive board of Erdenes Tavan Tolgoi JSC decided to register Mongolian citizens who own its 1072 shares. The registration will open possibilities for people to trade their shares.
Mongolian citizens who were born before 2011 currently own 1072 shares in the company. According to the 2009 Human Development Fund Law, the company distributed its shares to all citizens.
Revenue at Erdenes Tavan Tolgoi JSC reached MNT 438 billion in 2017. This enabled the company to fully repay its debts to China's Chalco and the remaining USD 50 million debt owed to the Development Bank of Mongolia.
Published Date:2018-03-02