News & Press Releases
ARD FINANCIAL GROUP BECOMES A PUBLIC JOINT STOCK COMPANY
Ard Financial Group (Ard Holdings), a full-service diversified financial services holding company, announced its intent to merge with Jinst Uvs (MSE:JIV), a public joint-stock company listed on the Mongolian Stock Exchange in April 2018. The Financial Regulatory Committee of Mongolia reviewed and approved this application for RTO on May 8, 2019, enabling Ard Holdings’ shares to be traded at the Mongolian Stock Exchange.
THE FIRST TRANCHE OF THE FUNDING FROM CROWD CREDIT HAS ARRIVED
As announced earlier Ard Credit entered into a partnership agreement with the Crowd Credit of Japan last February for MNT denominated debt financing equivalent to USD5 million.
ARD CREDIT’S IPO (MSE: ADB) IS 3 TIMES OVERSUBSCRIBED
Ard Credit’s IPO (MSE: ADB) is 3 times oversubscribed. Ard Credit NBFI’s IPO subscription took place between 18th of February and 1st of March. Ard Credit offered 25 percent of its capital or 70,000,000 shares to strategic investors and the public.
АRD CREDIT NBFI RAISES $5M FROM JAPANESE MARKET
Ard Credit has signed a financing partnership agreement with Japanese company Crowd Credit that will raise MNT equal to USD 5M. Ard Credit will use these funds for debt capital to fund small loans through their artificial intelligence based Ard App and plans to expand its operations nationwide.
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