Listed in 2018, “Mongol Basalt” JSC successfully raised MNT6.4 billion from the public. As of December 31, 2018, "Mongol Basalt" JSC spent MNT3.6 billion or 56 percent of the capital raised through its IPO on stone cotton factory expansion, spraying basalt technology factory, factory automation, renovation of mechanical workshop, centrifuge, machines for factory purpose, raw material preparation and factory training center according to the prospectus.
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MONGOLIAN STOCK EXCHANGE