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Mongolia Energy ( (HK:0276) ) has issued an announcement.
Mongolia Energy Corporation Limited has provided an update on its action plan to resolve a disclaimer of audit opinion due to uncertainties about its ability to continue as a going concern. The company is addressing tax disputes with the Mongolian Tax Authority (MTA) by making installment payments and filing claims against reassessment taxes. The senior management is actively engaging with government officials in China and Mongolia to seek support and explore settlement options. The company aims to resolve these issues to improve its financial standing and keep stakeholders informed.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
More about Mongolia Energy
Mongolia Energy Corporation Limited is a company incorporated in Bermuda with limited liability, primarily engaged in the energy sector. The company and its subsidiaries focus on energy resources and operations, particularly in Mongolia, where they are involved in addressing tax disputes and financial uncertainties.
Average Trading Volume: 165,864
Technical Sentiment Signal: Hold
Current Market Cap: HK$137.3M
Learn more about 0276 stock on TipRanks’ Stock Analysis page.