"TAVAN BOGD HOLDINGS LLC" became to own 84.29% share OF "GOBI" LLC.

Tavan bogd holdings became the shareholder of 84.29% of Gobi JSC, while in the trading of the Mongolian Stock Exchange on March 15, 2024, an influential shareholder Tavan bogd Holdings purchased 33% of shares from Japan’s Hide Inter LLC.  Thus, national investors will own the majority of the national cashmere goods manufacturer, one of Mongolia's main export products.

GOV JSC is a nationwide company that comprehensively implements all stages of the production process, from the preparation and processing of raw materials from the herdsman to the final product reaching to the consumers. Tavan Bogd Holdings Company made this investment deemed that there is a greater opportunity to reach the mission to make the ranking of Mongolian cashmere known internationally, to be recognized by the style and quality of Mongolian cashmere among global consumers, and to beautify the world with Mongolian cashmere.

Tavan Bogd Holdings LLC relies that Gobi JSC will respect the interests of all its stakeholders, implements good governance practices, adheres to operational and financial transparency and honesty principles, creates stable and long-term value for its investors and shareholders, adheres to the trend of sustainable development and become the world's No. 1 cashmere product manufacturing and distribution company and make a valuable contribution to the development of Mongolia.