ShareholdersPosted on: 2015-02-24
In December 2013, Financial Regulatory Committee discussed a request to register the securities of MEREX JSC to be offered and sold publicly and approved it with Resolution No.514, and Merex has become a joint stock company when our company's securities were registered by Mongolian Stock Exchange in January 2014. Thus, we got the permission to be open to the public, and became able to fund our operation using the raised capitals from the stock market, not with Bank Loans.
Establishers of the company constitute 60 percent of the company's total assets, and invested in concrete mixture factory, factory facilities, land improvement, concrete mixture pump, wheel loaders and other special purpore technical instruments, and 40% or 2.6 billion tugrug were drawn from public via Mongolian Stock Exchange, and it shall finance purchasing of concrete mixture transporting vehicles, construction of office buildings, electrical facilities and wells, assets of landscaping and initialization.
26 million shares of the company sold to publicly shall be placed on initial market by using specified price method and each share shall cost 100 tugrug. Mongolian Stock Exchange-listed stock symbol - MRX. Primary market transition shall begin in March 2014 and if you are interested in purchasing our shares, please contact your brokerage company.
Public offering of securities of MEREX JSC shall be hosted by (IPO) Standard Investment LLC and this IPO is a new IPO being made on the Mongolian Stock Exchange since April 2012. Standard Investment LLC is a licensed, a member of Mongolian Stock Exchange, and is a member organization of Mongolian Association of Securities; authorized to operate broker-dealer, investment consulting, service of underrater on Mongolian Stock Exchange. If you have any question or queries related to MEREX and IPO, please contact Standard Investments LLC at the following address.
Contact phone: 70114433
Address: Standard Investment LLC
Ulaanbaatar city, Chingeltei district
Jigjidjav's street 5/3