Listing
Listing

Development accelerator

Reshape Your Future


AND ENERGY
Listed
About Company
Comment
“ Mongol Securities Exchange implements an example listing policy that supports promising small and medium-sized companies that want become to become a public company. ”

We are confident that becoming the first public joint stock company from countryside, especially in the lighting sector, has assisted to improve corporate governance, increase our reputation in the industry, boost consumer confidence, and set an example for other small and medium-sized companies.

AND Energy, CEO, GURRAGCHAA Tsend-Ayush

Advantages
International standard
A digital trading and settlement system that meets with international standard
Process
Simple process, flexible regulation
Service
News, marketing program, compliance adviser, training
Listing process
1
Apply for listing at the stock exchange and submit the first draft of listing documents
14 days
2
Submit the final draft of the listing document
5 working days
3
The exchange to discuss and decide applications
14 working days
4
To get approval from Financial Regulatory Commission
20 working days
5
Trading in the primary market
6 months after the approval
Exchange services
Marketing program
We have a comprehensive marketing program for companies listed on the Mongolian Security Exchange
Training
Regular training for listed companies will be organized
Compliance advisory
Work with a coordinator to engrain a listed company
Listing requirement
Listing Criteria Mainboard Growth board
Tier I Tier II
Number of years in operation At least three years in the field At least three years in the field Tier II criteria must be met within the period specified in the listing agreement.
Financial report At least three years /IFRS/ At least three years /IFRS/
An issuer must meet at least two of the following criteria Last years’ Sales Revenue At least 10.0 billion MNT At least 500 million MNT
Last years’ profit At least 3.0 billion MNT At least 200 million MNT
Market capitalization At least 50.0 billion MNT At least 3.0 billion MNT
Experience of the management team, its major shareholders
Most of the management team has been stable over the last three financial years

Major shareholders have not been changed over the last financial year

Most of the management team has been stable over the last three financial years

Major shareholders have not been changed over the last financial year

Public ownership 25%
Criteria Bond
Number of years in operation At least three years in the field
Financial report At least three years IFRS

Capital of at least 1,000,000,000 (one billion) MNT

An issuer must meet at least two of the following criteria Last years’ Sales Revenue At least 500 million MNT
Last years’ profit At least 200 million MNT
Market capitalization At least 3.0 billion MNT
Experience of the management team, its and control packaging owners Most of the management team has been stable over the last three financial years

Major shareholders have not been changed over the last financial year

Public ownership A nominal amount of the debt instrument to be listed must be more than 500,000,000 MNT (five hundred million) MNT
Criteria Asset-backed securities
Relevant regulation Meet the requirements and criteria set out in the relevant laws and regulations of the Financial Regulatory Commission
Collaborate Have a protection system and structure to represent the interest of asset-backed securities holders

Cooperate the professional organization in this field

Establish agreement Establish all necessary agreements such as service agreement and asset management agreement in accordance with relevant laws and regulations of the Commission
Guarantee If the securities being guaranteed are shares, the shares must be publicly traded by an exchange.
Criteria Investment fund
Relevant regulation Meet the requirements and criteria set out in the relevant laws and regulations of the Financial Regulatory Commission
Establish agreement Must have a custodian or trust management agreement
Calculations to be made Have the human and technical capacity to estimate the net asset value of the fund
Fee calculation
1,500,000

Fees:
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Listing committee

One of the features of the Ulaanbaatar Securities Exchange is the Listing Committee. The Listing Committee shall be independent of the Exchange and shall be established with 3 or 5 members for each decision of the securities application.

The Listing Committee is responsible for determining whether a request for security is in accordance with the law and the Exchange's regulations, deciding whether to list the securities on the Exchange and monitoring whether the listed issuer complies with the Exchange's rules and regulations.

 

Name list of the listing committee.

Name Occupation
1 T. Amarzul CEO of Petromad LLC
2 B. Nandinchimeg CEO of Tsogt and Nandin LLP, Member of MBA
3 S. Nyamdorj Associate Professor of School of Construction and Architecture at Mongolian University of Science and Technology
4 J. Uhertar Partner of New Estimator Audit LLC
5 Ch. Nyamdorj Deputy Director of And Management
6 B. Oyungerel General Director of the Mongolian Professional Institute of Geology and Mining
7 J. Delgersaikhan Associate Professor of School of Financial administration at Institute of Finance and Economics
8 P. Bolormaa Deputy Director of Aten LLC
9 B. Enkhtuya Professor, Head of Business Administration, School of Business Administration and Humanities at Mongolian University of Science and Technology
10 M. Munkh-erdene

Internal Auditor of "Ard Financial Group" JSC

11 B. Erdene-Ochir Internal Auditor of Ochun Securities company
12 G. Orgil The investment fund manager of Ard Management securities company

 

Application to become a member of Listing Committee

Requirements
1 Must be worked in their respective field at least five years
2 Ethical and professional reputation should not conflict with being a member of the listing committee
3 No professional or ethical liability or punishment
4 To be able to work as a member of a listing committee independently and fairly
5 Must have attended training on stock exchange operations

 

If you are interested in becoming a member of the Listing Committee, please fill in the following information and send it to listing@msx.mn

  1. Questionnaire
  2. Application for membership in the Listing Committee
  3. Copies of diplomas, professional and licenses certificate
Participants in the Listing process

When a securities issuer issues securities on the stock exchange, the following individuals are involved in the listing process. The issuer must first enter into an agreement with the underwriter and apply to the exchange. Alternatively, before reaching this stage, it is possible to meet with the exchange and get information about the listing process, its advantages, and how to list your securities.

After signing the contract with the underwriter, the Listing Documents will be prepared, including cooperation with audit, appraisal, and law firms. Finally, the document’s final draft will be submitted to the Exchange. Suppose we receive the application and meet the exchange's requirements and criteria. In that case, we will forward the application to the Listing Committee, and the Listing Committee will make a final decision on whether to list the security.

We also require the issuer to work with the Compliance advisory for one year after the issuer is granted permission to list and securities are traded on the primary market, which is essential for protecting investors and becoming a public company.

 

Name of Participant Role of the participant Working time
1 Security issuer Meet the requirements specified in the listing process before and during the listed period All pre-listing and post-listing periods
2 Underwriter Perform all activities related to the initial market offer, such as developing securities presentation and providing professional advice Until the fulfillment of obligations under the contract
Professional entities to cooperate in the preparation of an issuers presentation
3 Auditing firm Carry out audits and issue audit opinions in accordance with relevant legislation, international auditing standards, procedures, guidelines, and methods approved by the competent authority. Until the fulfillment of obligations under the contract
4 Appraisal firm Carry out property and business valuation in accordance with relevant laws and regulations, guidelines and methods approved by the competent authority, and issue valuation conclusions and reports. Until the fulfillment of obligations under the contract
5 Law firm Conduct legal examinations and issue legal opinions in accordance with relevant legislation, procedures and guidelines approved by the competent authority Until the fulfillment of obligations under the contract
Other participants in the listing process
6

Executive Management of UBX

To monitor the daily implementation of the listing process in accordance with the authority granted by the Board of Directors and the Listing Committee Regularly
7 Board of Directors of UBX Supervise the activities and decisions of the Listing Committee and the CEO of the Exchange and the Listing Office Regularly
8 Listing Office Implement the day-to-day operations of the listing process, provide information to the participants in the listing process, and organize relevant activities for the  Board of Directors of the Exchange, the  Executive Management of the Exchange, and the Listing Committee to make decisions related to the listing process Regularly
9 Listing Committee It will be the main structure for the implementation of the Exchange's listing process. It will decide whether to list the Issuer’s securities, make changes to their listing, delist the securities from the Exchange and monitor whether the Listing process is independent and fully compliant with the law. Regularly
10 Compliance advisory To bring the issuer's activities in line with the law, make recommendations, monitor the information submitted to the Exchange, implement the Corporate Governance Code approved by the Commission, and help the listed issuer become a public company. Until the fulfillment of obligations under the contract
Contact

Listing Office of the Mongol Securities Exchange

Phone: +976-7000-0501, +976-7000-0502
Email: listing@ubx.mn

Compliance Advisory

The compliance advisory is responsible for engraining the securities issuing company and its compliance with the law and regulations. Accordingly, we require security issuers’ to have a contract with the compliance advisory for at least one year after listing on the stock exchange, which has the advantage of streamlining the company's operations and providing timely information about the company to investors.

 

Name of compliance advisory Contact number Email Web page
Legal compliance advisory
1 “Андерсон Энд Андерсон” ХХН 70119339 anderson.mongolia@anallp.com anallp.com
2 “Лийманлоу Монгол” ХХН 11-327810 alkhagvaa@lehmanlaw.com lehmanlaw.mn
3 “Мелвилл Эрдэнэдалай” ХХН 70128900 contact@melvilledalai.com melvilledalai.com
4 "Өмгөөллийн Бэз Партнерс” ХХН 99994739 zagdaa@bezpartners.mn
5 “Өмгөөллийн Заяа Энд Золоо Төв” ХХН 70000809 zayalawzoloo@gmail.com zzlawfirm.mn
6 “Өмгөөллийн ИЭлСи” ХХН 77118193, 77118194 Info@elclawoffice.mn elclawoffice.mn
7 “Өмгөөллийн Монгол Өмгөөлөгч” ХХН 77119206 info@advocate.mn advocate.mn
8 “Өмгөөллийн зөвлөх Партнерс” ХХН 99115492 enkhtur2005@yahoo.com
9 “Өмгөөллийн Сноу Хилл Консалтанси” ХХН 77003010, 80044850 info@snowhill.mn snowhill.mn
10 Өмгөөллийн “ХаанЛекс Партнерс” ХХН 77471122 info@khanlex.mn khanlex.mn
11 “Өмгөөллийн Эм Ди Эс Энд Хаанлекс” ХХН 11330048, 11330049 info@mdsa.mn mdsa.mn
12 “Өмгөөллийн Эм Жэй Эл Атторнейс” ХХН 70129665 info@mjlattorneys.mn mjlattorneys.mn
Санхүүгийн нийцүүлэгч / Аудит
1 “Аккаунт Траст Аудит” ХХК 99130778 nrntstsg@yahoo.com
2 “Акпар Аудит” ХХК 91919758 akpar.audit@gmail.com
3 “БДО Аудит” ХХК 77404040, 80088786 info@bdo.mn bdo.mn
4 “Голден Пэйж Аудит” ХХК 70117179, 99170900 info@goldenpageaudit.mn goldenpageaudit.mn
5 “Гроут Финанс Аудит” ХХК 99094391, 99194341 info@growthfinance.mn growthfinance.mn
6 “Дөлгөөнхайрхан Уул Аудит” ХХК 99055711, 99178026 erdene.263038@gmail.com
7 “Мэдээлэл Аудит” ХХК 70159511, 99049511 medeelelaudit@gmail.com
8 “Нью Капитал Тэнцэл Аудит” ХХК 70582688, 99992596 ts_bayarbold@yahoo.com
9 “Өлзийт Экаунт Аудит” ХХК 70130460, 99109702 auditulziit@gmail.com
10 “Си Эс Ай Аудит” ХХК 70001981, 99096584 csi_sevjee@yahoo.com
11 “Сүлд Аудит” ХХК 70118016, 99114056 info@suld-audit.mn suld-audit.mn
12 “Тэд Аудит” ХХК 99190483 tedaudit96@gmail.com
13 “Улиастай Ван Аудит” ХХК 70157405, 99097405 uliastaivanaudit@ubaudit.mn ubaudit.mn
14 “Фискал Аудит” ХХК 70106099, 99991914 audit@fiscal.mn fiscal.mn
15 “Хүлэгтхүннү Аудит” ХХК 701405058 99100064 gurragchaa@hulegthunnu.mn
16 “Шинэ Их Тэрбум Аудит” ХХК 70114144, 99199075 ikhterbum@gmail.com
17 “Эс Эм Аудит” ХХК 99996778 shagjsuvd@gmail.com