Mongolia Growth Group Ltd. (TSE:YAK) has released an update.
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Mongolia Growth Group Ltd., a Canadian company trading on the TSX Venture Exchange, has announced its plan to repurchase up to 1,760,000 of its shares, believing that the current market price does not fully reflect the company’s intrinsic value and growth potential. The share buyback is part of a normal course issuer bid and is seen as a way to potentially stabilize the market and make efficient use of the company’s funds. The process will be overseen by Research Capital Corp and will take place from April 2024 to April 2025, with shares being purchased for cancellation to enhance shareholder value.
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