The recent general meeting of shareholders of Gobi LC, the leading manufacturer of cashmere and wool products in Mongolia, reviewed the financial report, the profit and loss account, sales details, raw material stocks in 2010 and the target plan for 2011. This includes, executives told shareholders, a plan to double the capacity of the company’s knitwear manufacturing plant, a goal to be achieved by purchase of new equipment, and increasing the number of workers.  

The Board of Directors had decided at a meeting in February to declare a dividend of MNT100 per share. This was formally announced at the shareholders’ meeting.