According to the joint examination for listed companies conducted by the Financial Regulatory Commission and Mongolian Stock Exchange in 2008, it was decided to suspend securities trading of 165 companies that failed to meet its legal obligation or violated the legal acts, In August 2013, 57 companies were delisted from MSE while 36 companies were obligated to improve their operations.

These 36 companies have attempted to perform their legal duties in recent years. However, they have not permanently complied with the main laws and regulations, such as the Securities Market Law, the Company Law, the Trading and Listing Rules of the MSE as well as the listing requirements, and the principles of corporate governance. Furthermore, their securities trading has been suspended. It affects not only the shareholders’ rights, but also the stock market development.

Therefore, these companies are obliged to convene their shareholders meeting and decide either to recover their operation or reorganize the company and afterwards submit the decision along with the request before 1st December, 2013.

 

 

JSC that  noticed to improve their operations:

 

No    Company Name

1      Buteel
2      Torgon Ur
3      Devshil Mandal
4      Dornod Noos
5      Davaanbulag
6      Shinest
7      Dornod Khuns
8      Ikh Uusgel
9      Kherlen Khivs
10    Darkhan Impex
11    Urgun Khereglee
12    Selenge Ar Khuvch
13    Ulzii Dundgovi
14    Buyan
15    Altai Khan.material
16    Ariljaa Impex
17    Dar Zam
18    KHAABZ
19    Khorgo Khairkhan
20    Mongol EEG
21    Dornod Teever
22    Uujim Khangai
23    Mandal Orgil
24    Usjuulakh
25    Chandmani Dundgovi
26    Erdenet Auto Zam
27    Bornuur
28    Ulbaa
29    Sumber Ulzii
30    Monsav
31    Selenge Dulaankhan
32    Dornod Impex
33    Selenge Impex
34    Teever Tuv
35    Bayanbogd
36    Gan teerem
 

Public Relations Department 

MONGOLIAN STOCK EXCHNAGE