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The latest announcement is out from Mongolian Mining ( (HK:0975) ).
Mongolian Mining Corporation’s subsidiary Energy Resources has signed a new service agreement with USS to provide catering, camp and accommodation management, cleaning, maintenance and related support services for the group’s Ulaanbaatar office and its camps and operational sites from 1 January 2026 to 31 December 2028, for a maximum total consideration of about MNT145 billion (around USD40.8 million). Because USS is a connected person through the company’s substantial shareholder, the contract constitutes a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but exempting it from independent shareholders’ approval, and the company notes the consideration was set via competitive tender and arm’s length negotiations, with historical spending under the prior agreement providing a benchmark for the new annual caps.
The most recent analyst rating on (HK:0975) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Mongolian Mining stock, see the HK:0975 Stock Forecast page.
More about Mongolian Mining
Mongolian Mining Corporation is a Hong Kong–listed resources company focused on coal mining and related operations in Mongolia, with key offices in Ulaanbaatar and major camps and industrial facilities at sites including UHG and TKH. The group relies on extensive office and camp support services to maintain its workforce and operations across these remote mining locations.
YTD Price Performance: 48.74%
Average Trading Volume: 5,351,423
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.06B
See more data about 0975 stock on TipRanks’ Stock Analysis page.