According to Resolution No. 428 of the Financial Regulatory Commission, dated September 1, 2023, and Order No. A/140 of the CEO of the “Mongolian Stock Exchange” JSC, dated August 4, 2023, 84,000,000 additional shares issued by "Ard Credit NBFI" JSC were accepted as a public offer. As a result, the total number of ordinary shares issued by the company has been changed to 364,000,000 shares in the securities register of the Mongolian Stock Exchange.

"Ard Credit NBFI" JSC offered 84,000,000 additional shares with a value of 106 MNT each, and orders will be accepted from February 15, 2024, to February 21, 2024, between 10:00 and 4:00 p.m. through MSE member securities companies. Up to 80% of the additional shares will be offered to strategic investors, and the remaining 20% will be offered to the public at the fixed price method stated in the "Primary Market Trading Rules of the Mongolian Stock Exchange.”

The strategic investors shall invest in shares worth MNT 100,000,000 or more with a 6-month lock-up period, and the orders of these investors will be fulfilled 100 percent.

Buying orders of shares worth 500,000 MNT or less will be fulfilled, and the remaining orders will be allocated.

"Standard Investment UTsK” LLC is the main underwriter, and "Ard Securities UTsK” LLC is the assistant underwriter for the FPO of "Ard Credit NBFI" JSC.

Please click here for the prospectus. 

MONGOLIAN STOCK EXCHANGE