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Mandal Insurance JSC will split its stock www.ikon.mn
“Mandal Insurance” JSC listed on Tier-I on MSE issued a decision to split stock at the annual general meeting of shareholders on April 30, 2019 as well as they submitted their request to split stock to Financial Regulatory Commission on May 14. Stock split of “Mandal Insurance” JSC will be 100-for-1. As a result, number of shares of the company will be 624,301,600 shares.
· FRC gave approval to split stock to “Mandal Insurance” JSC and issued a decision within the relevant law and procedure at the meeting of Today. The company highlighted, “If per share price of the company would be decreased, its stock trading activity on MSE and market capitalization would be increased. As a result, shareholders’ equity will be risen.”
· According to the decision of FRC, stock trading of the company will be temporarily halted and executed the operation to split its stock.
Published Date:2019-11-28
