Publicly distributed shares of ETT to be open for sales in September www.zgm.mn
The Cabinet decided to initiate the right to trade Erdenes Tavan Tolgoi (ETT) JSC shares, distributed to citizens, at the domestic stock exchange in fall. In the meantime, the Minister of Mining and Heavy Industry Sumanabazar Dolgorsuren and the Chairman of the State Property Policy and Coordination Department Mr. Ganbat ordered the share trades to commence on September 1st.
Furthermore, the officials believe that it is necessary to take several actions to ensure the preparation of dual-listing at the Mongolian Stock Exchange. A subsidiary will be established under the ETT in order to meet the international stock exchange standards. Shareholders will then be able to trade the company shares at foreign and domestic stock exchanges in December.
In addition, the National Program on Youth Development was adopted during the Cabinet meeting yesterday. The objective of the program is to develop a patriotic and healthy lifestyle among young people, to increase access to healthcare services, to improve the quality of training at all levels, to support employment and start-up businesses, to create youth-friendly and safe living conditions. Youth development in the world is measured by five indicators: health, education, employment, social and political participation, and Mongolia is listed at 71st out of 183 countries.
The Prime Minister and related officials visited several locations to select a place to rebuild a Museum of Natural History a few days ago. The Cabinet has been supporting the proposal to construct the museum at Ikh Tenger and has signed a law on land use agreements with relevant officials to cooperate. Minister of Finance and Governor of Capital City Amartsaikhan Sainbuyan gave the following technical and regulatory requirements to carry out the construction of the museum.
Published Date:2019-05-02