MarketWatch: Mongolia Growth Group Ltd. Publishes May 2012 Monthly Letter to Shareholders

May saw us continue our property acquisitions. These were primarily centered on completing a number of redevelopment packages. That said, we are currently doing due diligence on a number of more sizable transactions, however there isn’t much certainty yet on any of them being consummated. Over the past few weeks, I have received a number of questions about our recently announced sale of Mandal shares to UMC. The first thing to really understand is that we are in a country, Mongolia, with a very short history of extensive insurance underwriting. There are actuarial tables, but they are not precise, especially when covering low probability events. Insurance is all about taking on unknown risks. Companies can be successful for years, and then lose a fortune on one bad policy. Allowing our partners to invest their capital in Mandal will hopefully help to reduce those risks as they will be even more attuned to the possible risks in the policies that they write. To read the full article, click hereMongolia Growth Group Ltd. Publishes May 2012 Monthly Letter to Shareholders

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.