Tselmuun Nyamtayshir, CEO and President of the company "Mongolian Gold," stated that the new residence will be used as a "retirement home for family gatherings." This was reported by MiddleAsianNews.
The family, which manages one of the largest mining conglomerates in Mongolia, purchased a standalone building in a prestigious southern district of Hong Kong for 247 million HKD (31.5 million USD). This residence is planned to be used for the comfortable living of retirees within the family.
According to land registry data, on January 29, Tisara Holdings, whose director is Tselmuun Nyamtayshir, signed a preliminary agreement to purchase house number 5 in the One Stanley complex, located at 128 Wong Ma Kok Road.
Tselmuun Nyamtayshir is the president and CEO of "Mongolian Gold" (MAK), a conglomerate founded in 1993 by her father, Nyamtayshir Byambaa. She also serves as a non-executive board member of XacBank, a Mongolian banking and financial organization.
