Brief introduction of Shareholders:
Khan Bank was privatized on March 25th, 2003 by the State Property Committee. Below is information on Khan Bank shareholdings. You can find detailed information on each shareholder by visiting their websites.
Khan Bank shareholdings :
• Sawada Holdings Co. Ltd. (Tokyo, Japan) 40.22%
• H.S. International (Asia) Limited (Hong Kong) 12.76%
• Tavan Bogd Trade Co. Ltd. (Ulaanbaatar, Mongolia) 22.35%
• D. Hulan ( Ulaanbaatar, Mongolia) 12.97%
• International Finance Corporation 9.07%
• Development Alternatives, Inc. (USA) 1.79%
• Mongolia Holdings Limited Partnership (USA) 0.67%
• Morrow Family Revocable Trust (USA) 0.18%
Sawada Holdings Co. Ltd. 40.22%
Sumitomo Fudosan Shinjuku Oak Tower 27F
6-8-1 Nishi-Shinjuku
Tokyo, 163-6027 Japan
www.sawada-holdings.co.jp
Hideo Sawada, President and CEO
Yoshiaki Mishima, Director
Osaka Stock Exchange: 8699 (Listed Oct 2004)
Sawada Holdings Co., Ltd.(“SWH”), listed on Osaka Stock Exchange, is a holding company, which owns shares of other companies mainly engaged in financial business. SWH has 10 consolidated companies and 5 companies accounted for under the equity method, that include H.S. Securities Co., Ltd., H.S. International (Asia) Ltd.(“HSIA”), H.S. Servicer Co., Ltd., H.S. Insurance Co., Ltd. and of course Khan Bank LLC. SWH is also involved in business revitalization and for this purpose owns shares of bus operation company, Kyushu Sangyo Kotsu Holdings Co., Ltd. and real estate developer, Ascot Corp. Hideo Sawada is also a founder and a chairman of the travel and tourism company H.I.S. Co. Ltd.(Tokyo Stock Exchange: 9603).
Hideo Sawada is a Chairman of the Board of Directors of Khan Bank. Yoshiaki Mishima is Khan Bank Board Director.
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H.S. International (Asia) Limited (Hong Kong) 12.76%
Unit 901-903, 9/F, Miramar Tower, 132Nathan Road,
Thimshatsui, Kowloon, Hong Kong
(Tel) +852-39616801
(Fax) +852-23695275
Nakaigawa Shunichi, Director
H.S. International (Asia) Limited is a 100% subsidiary company of Sawada Holdings in Hong Kong.
The company is for capturing any possible business opportunities around the Hong Kong, taking high growth of Chinese Economy and Asian Economy into account, as a part of Sawada Holdings’ Asian Strategy. The company conducts business activities including market researches of Asian region.
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Tavan Bogd Trade Co., Ltd. (22.35%)
Ulaanbaatar, Mongolia
Ts. Baatarsaikhan, President, Tavan Bogd Group
D. Hulan, Executive Vice President, Tavan Bogd Group
Tavan Bogd Group is one of the largest private conglomerates of Mongolia with its twelve affiliated companies, engaged in retail and whole sale, travel and tourism, manufacturing and food production. Within its 15 years of history, the group has always been concentrating on initiatives and continuous improvement on the basis of careful analysis and profound expertise.
Tavan Bogd Trade Co., Ltd is a head company of Tavan Bogd Group and was established in 1997. Ts. Baatarsaikhan and D. Hulan are Khan Bank Board Directors.
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Mrs. D. Hulan, a citizen of Mongolia, (12.97%)
Ulaanbaatar, Mongolia
Mrs. D. Hulan, a citizen of Mongolia, (12.97%) Ulaanbaatar, Mongolia
Mrs. D. Hulan is a founder and shareholder of Tavan Bogd Group. Since 2003, she has been working as the Exicutive Vice President of Tavan Bogd Group.
Mrs. D. Hulan is a member of the Bank Board of Directors and has become a shareholder of the Bank since December, 2010.
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International Finance Corporation (9.07%)
Headquarters
International Finance Corporation
2121 Pennsylvania Avenue, NW
Washington, DC 20433 USA
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. IFC’s mission is to create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development.
Jemal-ud-din Kassum is Khan Bank director representing IFC.
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Development Alternatives, Inc. (1.79%)
7600 Wisconsin Avenue, Suite 200
Bethesda, MD 20814 USA
James Boomgard, President and CEO
Robert P. Dressen, Senior Vice President, Project Management
Founded 1971, DAI is an international project management and consulting company engaged in development work principally in business and finance, agriculture, and crisis mitigation. DAI does extensive work for USAID, which awarded DAI the initial management contract for the turnaround of Khan Bank in 2000. HS Securities and the Bank renewed the contract in 2003 when the bank was privatized. It has been extended several times since and currently expired December 2010. Currently DAI provides service under service agreement.
DAI holds 102,000 share options.
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Mongolia Holdings Limited Partnership (0.67%)
Morrow Family Revocable Trust (0.18%)
J.P Morrow, Trustee U/A 9-18-03
c/o Trust Department
Southwest Missouri Bank
1000 East 32nd Street
Joplin, MO 64804 USA*
Mongolian Holdings Limited Partnership and Morrow Family Revocable Trust are entities related to Mr. Morrow.
Mr. Morrow was Chief Executive Officer of Khan Bank from 2000 to 2010. He is currently Advisor of Khan Bank.
