A regulated entity or stock company pursuant to a license issued by the Committee of Financial Regulations shall, in accordance with Article 24.5 of the Securities Markets Law, prior to any transaction being made to the composition of the capital stock and composition of shareholders, it must require regulatory approvals.
According to the law, the Director of Financial Regulatory Commission S.Davasuren made a mandate on “Mandal Asset Management ” investment management company and a “Capital Market Co.,” a broker, dealer and underwriter in the securities market companies allowed to have changes on their shareholding.
Holder of the “Mandal Asset Management NCH” LLC, a 100% shareholder, “UMC Holding” LLC has issued a request to the Commission to transfer its shares to citizen N.Monsor and Capital Bank which is a 100% shareholder, transfers its shares to “Bishrelt Holding” LLC is the 100% shareholder of the company.
Source: www.frc.mn