Last week, the Government decided to buy 30% of the public shares in the “Erdenes Tavan Tolgoi” stock company; the value of the shares is MNT 300,000 each. From Monday 13th June, the commercial banks have begun receiving application documents from Mongolian citizens wishing to sell their shares. The money will be transferred in three installments of MNT 100,000 each. The first transfer to the accounts of the members of the public is due to take place a week after the application documents have been received.
It should be noted that 2,858,000 citizen own shares at Erdenes Tavan Tolgoi stock company. Members of the public are now free to sell their shares, whenever they want.SOURCE: newsm.mn