In the territory of Khoroo 20, Songinokhairkhan District
/behind the “Buyan” LLC’s cashmere industry/
Share Name:
Remicon
Share Type:
Common
Price per share:
MNT 100
Total share:
127,642,623.
The shares to be offered to the
public:
98,992,602.
Percentage of shares to be offered
to the public:
77.55%
Information of owner, who owns
more than five percent of bond issuer:
Gankhuyag Khassuuri is to own
22.44 percent from the company’s total 28,650,021 shares.
THE BASIS FOR PROJECT IMPLEMENTATION
The
building sector has been developing rapidly in Mongolia. In order to
provide Ulaanbaatar’s growing population with apartments and to furnish
greater safety and a more comfortable living environment for
Ulaanbaatar residents, the government of Mongolia has initiated the “40
000 Apartments” program. The initiative aims to build new apartment
districts, re-plan ger areas, and improve Ulaanbaatar’s population
density through the construction of new apartment districts. Due to the
large size of the project, demand has increased for construction
technology and building materials that meet modern requirements and
standards. According to the 2006 official statement of No.1 of the
Minister of Construction and Urban Development, a decision was passed
to prohibit the manual preparation and usage of concrete mixture.
This
decision was made in order to increase the strength and quality of
concrete mixtures that would be used for buildings with combined steel
and reinforced concrete carcass casting as part of the government
initiative, and for Mongolia’s development in general. This combined
casting also aims to minimize environmental damage. As a result of the
decision, demand for the development of concrete mixtures which meet
the new standards has arisen in the market.
The company drew
up plans to build a concrete mixer industry equipped with modern
technologies on the basis of calculation, research and monitoring done
last year. Then, the company established the “Remicon” Company which
was registered as a Joint Stock Company and its share is being offered
to the public for the purpose of financing the project.
COMPANY STRUCTURE AND ORGANIZATION
Shareholders’ Meeting
Governing Board - Control Council
Executive Director
Marketing Department
Industrial Department
Financial Management Department
Service of Technology
Laboratory
Service of Economy Raw Material and Supply Service
