Mongolian Stock Exchange to cooperate with Toronto Stock Exchange
Mongolian Stock Exchange (MSE) and the Toronto Stock Exchange (TSX) established an agreement to allow dual listings.
Mongolian Stock Exchange to cooperate with Toronto Stock Exchange. During a meeting held on the sidelines of the Prospectors and Developers Association of Canada (PDAC) convention, the Mongolian Stock Exchange (MSE) and the Toronto Stock Exchange (TSX) established an agreement to allow dual listings. Even though the opportunity for dual-listings was made possible with an amendment to the Mongolian Securities Law, no publically traded company has taken advantage of the opportunity yet. The TSX is a large stock market, ranked ninth amongst global stock exchanges, and Canada and Mongolia’s shared interests in mining assets could facilitate dual listings in the near future. There are 11 companies operating in Mongolia that are listed on the TSX, including Erdene Resource Development Corporation, South Gobi Resources, and Turquoise Hill Resources. Under the new agreement, all 11 of the companies with Mongolian operations will now be able to be listed on the MSE and offer stock to Mongolian buyers.
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