99.3% or 9,932,500 shares of total offered shares traded at offer price of 100 MNT which is 11.1% higher than market price.

Using around 1 billion MNT of fund raised from this offering GTB will construct road, concrete fence, and gate building around "Chinggis Khan Statue Complex" so that company can operate with full capacity before tourism sector starts in Mongolia.  

GTB initially issued 70 million shares through IPO in 2007 and raised around 7 billion MNT to fund its 2 projects "Chinggis Khan Statue Complex" and "13th Century National Park" which are now almost completed.  

Source: www.bdsec.mn

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