Group: Seruuleg Construction LLC

Seruuleg Construction Co Ltd owns TV 8 and various other media which are not among the MOM top media. The whole group is owned by Mr. Bayarmunkh Sengee. The owner of Seruuleg Construction LLC, Bayarmunkh Sengee started his business career in 1993 with independent newspapers like Khaluun Khunjil, Gaikhmaaraa, and Seruuleg. He started his construction business in 1997. Seruuleg Construction LLC owns TV8 channel (M-3078), Voice of Mongolia FM 104, Seruuleg newspaper, and Mongolchuudyn Amidral newspaper. The company’s Executive Director Khulan Bayarmunkh is the daughter of Bayarmunkh S. In an [interview with the newspaper Ugluuny Sonin] (http://sonin.mn/news/easy-page/21598) in 2013, Bayarmunkh S explained: “Only since 1997 the first privatizations in Mongolia took place. … During that time Bayarsaikhan Sh, owner of (the trading company) Nomin Holding, and a friend of mine, the three of us bought a building for 310 million tugriks. 310 million tugriks were a huge amount of money in 1997. … That building in the 3rd and 4th micro districts (of Ulaanbaatar), returned our investment in only a year and a half. Since that time, I started buying land and got into construction business. Our first project was a 5-storey building located in the downtown area. After that, we had another building project in the 13th micro district. With the profit accumulated thanks to media, we completed several other building projects. We will not abandon the construction business. … “Orange Plaza”, a 10-storey building including the basement floor is my personal property. … I majored in journalism and own a media house. But the owners of other media houses are mostly politicians or businessmen”.

Key facts

Business Form

Private

Legal Form

LLC

Business Sectors

Seruuleg Construction LLC owns TV8 channel (M-3078), Voice of Mongolia FM 104, Seruuleg newspaper, and Mongolchuudyn Amidral newspaper. In addition the company operates various businesses in the construction sector and provides construction services (http://biznetwork.mn/c/Seruuleg+Construction+LLC+) (http://www.iexpo.mn/seruuleg_construction/branch/) .

Ownership

Individual Owner

Mr. Bayarmunkh Sengee 

Mr.Bayarmunkh Sengee 

Member of the Mongolian People’s Party and currently a member of the Council of Mongolian People’s Party. Former Director of Diplomatic services department of the Ministry of Foreign Affairs.

100%
Media Outlets
Other Media Outlets

Other Print Outlets

Seruuleg newspaper

Other TV Outlets

ТV8

Other Radio Outlets

Voice of Mongolia FM 104

Facts

Media Business

Seruuleg Construction LLC owns TV8 channel (M-3078), radio Voice of Mongolia FM 104, Seruuleg newspaper, and Mongolchuudyn Amidral newspaper.

Business

In addition the company operates various businesses in the construction sector and provides construction services
(http://biznetwork.mn/c/Seruuleg+Construction+LLC+)
(http://www.iexpo.mn/seruuleg_construction/branch/)

Missing Data

General Information

Founding Year

1993 newspapers. 1997 Seruuleg Construction LLC

Founder

Bayarmunkh Sengee

Affiliated Interests Founder

Member of the Mongolian People’s Party. Member of the Council of Mongolian People’s Party. Former Director of Diplomatic services department of the Ministry of Foreign Affairs

Financial Information

Revenue (Financial Data/ Optional)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Management

Executive Board + Interests Executive Board

Executive Director Khulan Bayarmunkh

Non-Executive Board + Interests Non-Executive Board

Missing Data

Supervisory Board + Interests Supervisory Board

Chairman of the board
Bayarmunkh Sengee

Further Information

Data Unavailable

ownership data is not publicly available, company/channel denies the release of information or does not respond, no public record exists

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Meta Data

The company did not provide any information. It was difficult to collect information about the company. Open sources were used, though very little is publicly available.

Sources

Mongolian Media Today, Press Institute of Mongolia, 2016, Document ID-1;
Maxima LLC, TV Ratings 2016, Document ID-2;
http://tv8.mn/about-us ;
http://tv8.mn/director-greeting ;
http://www.crc.gov.mn/k/U/5H ;
http://crc.gov.mn/k/4x/5y ;

  • Project by
    Press Institute of Mongolia
  •  
    Reporters without borders
  • Funded by
    BMZ