To ensure business growth and increase competitiveness after the economic crisis caused by the three-year-long COVID-19 pandemic, we have successfully raised funds through a private placement of the “Urban 4” bond in the capital market. Urban Business Group LLC plans to use the bond investments to fund major projects such as updating equipment to increase production capacity, opening new branch stores, introducing new products and services to the market, and improving quality standards to meet international benchmarks.
Our company has previously successfully raised funds in the capital market through private placements with the “Urban I Bond” worth 320 million MNT, the “Urban II Bond” worth 750 million MNT, and the “Urban III Bond” worth 1 billion MNT between 2017 and 2019. The underwriter for these three bonds was Golomt Capital LLC, and for the fourth time, we collaborated again and successfully raised 1.5 billion MNT through the “Urban IV Bond”. We extend our sincere gratitude to our trusted partner Golomt Capital LLC and its team.
As “Urbanites,” we are committed to fulfilling our obligations to the investors who purchased the Urban 4 bond, ensuring the continued growth of our company, and confidently advancing to the next stage of development. We strive to lead the light industry in Mongolia, particularly the sewing sector, by delivering new products and services to our customers and making valuable contributions.
