Following the 201st Government Resolution of 2012, a decision for the Mongolian citizens/ shareholders of the “Erdenes Tavantolgoi JSC” to submit their requests to sell their shares to the Government under corresponding price has been made. Consequently “MSCH&CD” has completed a shareholder registration delisting of the citizens who had received endowment.
Yet until today the citizens who have submitted their requests have not received their payment hence they have submitted their request to the Standing Petition Committee of the Parliament to reclaim their shares. Accordingly, on the 20th of April 2015, the 151st Government Resolution to repost the “Erdenes Tavantolgoi JSC” shares to the citizens has passed.
In line with the 151st Government Resolution, it is estimated that on the 27th of April, 2015, MSCH&CD shall start the amendments to the owners’ shares registration and finish it within three to five business days.