1. Loan Operations
Since the IPO, LendMN’s share price has been steadily increasing and maintaining a leading position on the Mongolian Stock Exchange in terms of liquidity, volume and value.
On January 6th 2019, LendMN’s stock was upgraded from Tier II to Tier I on the Mongolian Stock Exchange.
The Board of Directors of LendMN approved to distribute dividends worth of MNT 800 million, 31.75% of 2018’s net profit, to the shareholders. Dividends were deposited in the shareholders registered an account on March 27, 2019.
In order to give incentives to the customers, LendMN successfully organized several reward programs and launched new services.
– During the Mongolian Lunar New Year, LendMN launched a program called “Azin Avdar”, meaning “Box of Luck”, which offered customers an opportunity to try out their luck by opening mystery boxes every day and claim 80% off Coupons of our merchant companies on LendMN app
– On the International Women`s Day, LendMN offered “Super Discount” coupons from the best 30 merchants to our female customers.
LendMN held an Annual Shareholders’ Meeting on March 23, 2019, and updated our shareholders with the company’s activities in 2018 and appointed the Board of Directors.
On April 24, 2019, newly appointed Board of Directors are holding Board Meeting and planning to discuss whether to approve the company’s new structure, and who will be the next chairman, secretary, and members of committees.