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Mongolia Growth Group Provides Update the Proposed Sale of Its Office Property and KEDM Business
NYSE - LSE
Mongolia Growth Group Provides Update the Proposed Sale of Its Office Property and KEDM Business
TORONTO, ON / ACCESS Newswire / September 26, 2025 / Mongolia Growth Group Ltd. (TSXV:YAK) ("MGG" or the "Company") announced today that in accordance with Section 3.5 of Exchange Policy 3.3, the Company is providing shareholders with an update with respect to the previously announced sale of its KEDM business and the sale of its office property in Rincon, Puerto, Rico. The Company and the counterparties to each of the transactions continue to work through the applicable closing conditions required to complete each transaction, including requisite shareholder approval of the same. Each transaction will be considered for approval at the Company's upcoming annual and special meeting of shareholders which is scheduled to be held on October 7, 2025. Provided shareholder approval is provided for each transaction at the meeting, the Company expects to close each transaction as soon as practicable following such meeting.
For further information please contact:
Genevieve Walkden
Corporate Secretary & Chief Financial Officer
Email: [email protected]
Phone: (877) 644-1186
Forward-Looking Information Disclaimer
This press release contains forward-looking information within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the proposed meeting and close of the transactions contemplated herein. These statements are subject to numerous risks and uncertainties, including regulatory approvals, asset sale outcomes, tax interpretations, and market conditions. Actual results may differ materially. Readers are cautioned not to place undue reliance on these statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market and business conditions, the regulatory process and actions, regulator and corporate approvals, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mongolia Growth Group Ltd.
View the original press release on ACCESS Newswire
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