Remicon changed its underwriter
On May 15 2008, Remicon SCH listed at the Mongolian Stock Exchange with aim to raise fund for its concrete factory project. Its IPO was 9,9 billion MNT in 98,9 million shares in the primary market of MSE. Its underwriter and dealer was “DSF” Broker and Dealer Company. But as for today, 69,9 million shares in 6,9 billion MNT are not sold yet. Therefore, the company made decision to change its underwriter. Based on the official request of Remicon SHC, The Financial Regulatory Committee made resolution, on September 22, 2008, to transfer the right to deal the remaining 69,9 million shares to “Worldkey” company. Hence Remicon SCH will sign an agreement on underwriting service with “Worldkey”.
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