News & Press Releases

• ANNOUNCEMENT OF ELECTION FOR INDEPENDENT BOARD MEMBER

  According to Article 62.1.7, 75.4, 79.1, 81.2, 81.5.2, and 81.5.3 of the Company Law of Mongolia, Ard Financial Group is announcing an election for an independent member of the Board of Directors.

• Gantulga Bulgan named as CEO of Ulaanbaatar Securities Exchange

  Gantulga Bulgan was appointed as the CEO of Ulaanbaatar Securities Exchange JSC. Starting his career at XacBank, Gantulga has over 20 years of working in the private sector, during which he successfully managed companies that are among the TOP 100 enterprises in Mongolia.

• INVESTOR NATION – WEALTH FUND SUCCESSFULLY CLOSED ITS IPO

  The initial public offering of Investor Nation – Wealth Fund, a new open-ended mutual fund in the Mongolian capital market, has ended successfully. Ard Management, the founder of the National Privatization Fund, the first closed-end mutual fund in Mongolia, manages the fund. Investor Nation Fund raised MNT2.85 billion from 912 investors.

• iDAX Exchange receives Virtual Asset Service Provider license.

  ArdCoin’s native exchange, iDAX, fully met the above requirements and is now officially registered as a Virtual Asset Service Provider (VASP) with the Financial Regulatory Commission.