According to the Clause No.: 20.2 of Listing Rules of MSE and the Order No.: A/71 of CEO of MSE, dated on August 30, 2021, the listing boards of Mongolian Stock Exchange have been updated.
Tier I consists of leading companies in term of good business operation, high net income, high trading activities and good corporate governance. ‘Ard Credit NBFI’ JSC, ‘Ard Financial group’ JSC and ‘Invescor NBFI’ JSC have been upgraded to Tier I, ‘Erdene Resource Development Corporation’ and ‘Tandem Invest NBFI’ JSC have been upgraded to Tier II while ‘Olloo’ JSC downgraded to the Tier III.
MONGOLIAN STOCK EXCHANGE