‘National privatization fund’, the first closed-end investment fund, has closed the offering of its 95% or 47.5 million unit rights to strategic investors and public. The subscriptions were received from October 05, 2020, to 4 pm October 16, 2020.

The total subscription for the ‘National privatization fund’ has reached MNT 5,537,565,300, which was an oversubscription of 16.5%, ordered by 2,245 investors.

According to the company’s plan, orders of MNT3,162,565,300 from 2,234 investors worth of up to MNT 500,000 will be fully filled, and the remaining amount will be allocated in proportion of 69.1%.

The right to redeem extra payment shall be effective upon FRC’s declaration of the company’s primary market trading of the ‘National privatization fund’ as successful.

MONGOLIAN STOCK EXCHANGE