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Mongolia Energy ( (HK:0276) ) has provided an update.
Mongolia Energy Corporation Limited has announced that its subsidiary, MoEnCo, has received a decision from the TDRC regarding a tax reassessment for the fiscal years 2017 to 2020, amounting to approximately HK$902.6 million. The company plans to contest this decision in the Administrative Court of Mongolia, while also engaging with the GTO to prevent enforcement actions that could impact its mining operations. The outcome of this legal process could significantly affect the company’s financial standing and operational capabilities in Mongolia.
More about Mongolia Energy
Mongolia Energy Corporation Limited is a company incorporated in Bermuda, primarily involved in the energy sector. The company operates through its subsidiaries, focusing on mining operations in Mongolia.
Average Trading Volume: 204,136
Technical Sentiment Signal: Buy
Current Market Cap: HK$127.9M
For a thorough assessment of 0276 stock, go to TipRanks’ Stock Analysis page.