Ulaanbaatar, 20 March, 2015 (Ard Holdings) Ard Financial Group LLC (Ard Holdings) officially filed a request to acquire 84.6 percent or 45,028 shares of Jinst Uvs JSC, publicly traded under JIV, at the price of MNT 975.28 per share to the Mongolian Stock Exchange (MSE) on 12th of March, 2015, with the corresponding block trade carried out on 16th of March, 2015. This move brings Ard Holdings within a striking distance to public listing.
Ard Holdings is invested in leading financial sector companies, and successfully manages its portfolio. The objective of listing on the MSE is to increase the liquidity of its stock, while providing investors with a unique opportunity to invest in the nascent financial services industry of the Nation and benefit from a diversified investment portfolio with high yielding potential. Currently, 333 individuals and businesses own shares in Ard Holdings.
The CEO of Ard Holdings, Mr. Ganhuyag Ch. Hutagt, noted that today’s event paves the way for ordinary Mongolians to invest in leading banking and financial sector companies, and will, potentially, have a dramatic positive impact on the development of stock markets in Mongolia.
Ard Financial Group (Ard Holdings) is a financial holding company with the objective of maximizing the value and return on investment for its shareholders, while offering a unique opportunity to take part in the Mongolian financial services industry and stock markets. The investment portfolio of Ard Holdings includes the country’s leading companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Assets, Ard Capital Management, Equity Investment Trust (EIT), TenGer Financial Group and XacBank. Ard Holdings is also invested in Institute of Engineering and Technology (IET), TenGer Systems, Nomyn Hishig, and Wild Digital Agency via its investment fund. Ard Holdings actively participates in the management of its portfolio companies and creates synergies across the Group.