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Mongolia Energy Plans Convertible Notes Issuance

Story Highlights

Mongolia Energy ( (HK:0276) ) has provided an announcement.

Mongolia Energy Corporation Limited has announced a special general meeting to discuss the approval of subscription agreements with Golden Infinity Co., Ltd. and Chow Tai Fook Nominee Limited. The agreements involve the issuance of 3% convertible notes, allowing conversion into ordinary shares at a set price, which could impact the company’s financial structure and shareholder value.

More about Mongolia Energy

Mongolia Energy Corporation Limited is a company incorporated in Bermuda, focusing on energy-related ventures and operations.

YTD Price Performance: -8.57%

Technical Sentiment Signal: Strong Buy

Current Market Cap: $11.76M

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

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