Ard Holdings

ARD FINANCIAL GROUP BECOMES A PUBLICLY TRADED COMPANY ON THE MONGOLIAN STOCK EXCHANGE
On the 8th of May 2019, The Financial Regulatory Committee of Mongolia approved the reverse takeover of Jinst Uvs (Investor Nation), a publicly listed company (MSE:JIV) by Ard Financial Group. Since then, the company name was changed, shareholders’ stocks converted and the stock ticker was changed to MSE: AARD
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.