tiprankstipranks
Trending News
More News >

Mongolia Energy Faces Tax Appeal Delay and Asset Risks

Story Highlights
Mongolia Energy Faces Tax Appeal Delay and Asset Risks

Confident Investing Starts Here:

Mongolia Energy ( (HK:0276) ) just unveiled an update.

Mongolia Energy Corporation Limited has announced a postponement of the TDRC re-hearing for its tax appeal in Mongolia, now scheduled for May 26, 2025. The company is facing tax issues, with a significant amount of its funds frozen and partially transferred to the Mongolian tax authority, which retains the right to seize assets if outstanding taxes remain unpaid.

More about Mongolia Energy

Mongolia Energy Corporation Limited is a company incorporated in Bermuda, operating in the energy sector with a focus on Mongolia. The company is listed on the Stock Exchange of Hong Kong and is involved in energy production and related services.

Average Trading Volume: 69,817

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$94.06M

Learn more about 0276 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App