tiprankstipranks
Trending News
More News >

Mongolia Energy Renews Hong Kong Office Tenancy Agreement

Story Highlights
  • Mongolia Energy renewed its Hong Kong office lease for two years at HK$288,000 monthly.
  • The transaction is a disclosable and connected one under Hong Kong’s Listing Rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mongolia Energy Renews Hong Kong Office Tenancy Agreement

Confident Investing Starts Here:

The latest announcement is out from Mongolia Energy ( (HK:0276) ).

Mongolia Energy Corporation Limited has renewed a tenancy agreement for its office premises in Hong Kong, with a wholly-owned subsidiary acting as the tenant. The agreement, effective from May 8, 2025, to May 7, 2027, involves a monthly rent of HK$288,000. This transaction is classified as a disclosable and connected transaction under Hong Kong’s Listing Rules due to its financial magnitude and the landlord’s connection to the company. The agreement was negotiated at arm’s length and is deemed fair and beneficial for the company and its shareholders.

More about Mongolia Energy

Average Trading Volume: 88,295

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$99.71M

For detailed information about 0276 stock, go to 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