Welcome to our dedicated page for Mongolia Growth Group news (Ticker: MNGGF), a resource for investors and traders seeking the latest updates and insights on Mongolia Growth Group stock.
Mongolia Growth Group Ltd. (MNGGF, TSXV:YAK/YAK.H) generates news that reflects its evolution from a commercial real estate investment and development company in Ulaanbaatar, Mongolia to an issuer focused on asset sales and capital return. Earlier news highlighted its role as a property investment company with an extensive portfolio in diversified segments of the Mongolian property market, while more recent releases describe a strategic review, asset dispositions and changes in listing status.
Recent announcements cover the company’s plan to return substantially all net assets to shareholders, including details on cash, marketable securities and investment properties, as well as its efforts to sell a furnished commercial office property in Rincón, Puerto Rico and the KEDM subscription-based financial data business. News items explain the rationale for these sales, the terms of the definitive agreements, and the approvals required under TSX Venture Exchange policies and applicable corporate law.
Investors following Mongolia Growth Group’s news can track milestones such as shareholder approvals at annual and special meetings, the formation and recommendations of a special committee of independent directors, the closing of the KEDM transaction, and the closing of the office sale transaction. Coverage also includes the transfer of the company’s listing to the NEX board of the TSX Venture Exchange, the change in trading symbol from YAK to YAK.H, and the company’s stated intention to wind down its Puerto Rican operations and advance a corporate reorganization and planned return of capital.
Historical news provides additional context, including normal course issuer bid renewals, insider share purchases reported through early warning filings, and prior descriptions of the company’s commercial real estate activities in Mongolia. This news stream helps readers understand how Mongolia Growth Group’s business focus and asset base have changed over time.
Mongolia Growth (OTC:MNGGF) completed the sale of its Rincón, Puerto Rico office building to an entity owned and controlled by Chairman and CEO Harris Kupperman for USD $1.45 million on December 4, 2025.
The company said it will immediately wind down its Puerto Rican operations, continue corporate reorganization efforts and advance a planned return of capital to shareholders, with a further update expected before year-end.
Mongolia Growth Group (TSX-V:YAK) completed the sale of its KEDM business, with the purchaser assuming deferred revenue obligations related to KEDM up to and including October 31, 2025 totaling approximately CAD$845,000. Effective November 5, 2025, the company's TSX Venture Exchange listing will transfer to the NEX board and its trading symbol will change from YAK to YAK.H. There is no change to the company's name, no change to its CUSIP, and no consolidation of capital. The company is continuing work toward closing its office property in Rincon, Puerto Rico.
Mongolia Growth Group (OTC:MNGGF) reported shareholder voting results from its annual and special meeting held on October 7, 2025. A total of 14,550,463 shares (57.15%) were voted.
Shareholders approved: fixing the board at five directors and electing Harris Kupperman, Nick Cousyn, Jim Dwyer, Brad Farquhar and Robert Scott; appointing Davidson & Company LLP as auditors; and the sale of the KEDM business and the company's office property in Rincon, Puerto Rico to Lemontree LLC (an entity owned by Harris Kupperman) with 99.1% shareholder support.
The company expects both transactions to close on or about October 31, 2025 and anticipates transferring its common share listing to the NEX Board of the TSXV upon closing.
Mongolia Growth Group (TSXV:YAK) provided an update regarding two pending transactions: the sale of its KEDM business and an office property in Rincon, Puerto Rico. Both transactions are progressing through closing conditions and require shareholder approval at the upcoming annual and special meeting scheduled for October 7, 2025.
The company expects to complete both transactions promptly following shareholder approval at the meeting. The announcement serves as a compliance update under Section 3.5 of Exchange Policy 3.3.
Mongolia Growth Group (TSXV:YAK) has announced two significant transactions: the sale of its Puerto Rico office property for USD$1.45 million to Lemontree LLC (owned by CEO Harris Kupperman) and the sale of its KEDM financial data business to KEDM Inc. The office property, currently 75% leased with USD$5,000 monthly NOI, was purchased in 2021 for USD$650,000 and recently appraised at USD$1.3 million.
The KEDM business, which generated CAD$1.1 million in revenue during H1 2025, will be sold in exchange for the assumption of deferred revenue obligations estimated between CAD$600,000-900,000. Both transactions require shareholder approval at the October 7, 2025 meeting and may result in the company's listing being transferred to the NEX Board.
Mongolia Growth Group (TSX-V:YAK) has announced plans to return substantially all of its net assets to shareholders following a strategic review. As of June 30, 2025, the company holds CAD $31.0-33.0 million in cash and marketable securities, a Puerto Rican commercial property worth approximately CAD $2.0 million, the KEDM subscription business, and Russian securities (carried at zero value).
The company has appointed an independent committee to oversee asset disposition and has paused its Normal Course Issuer Bid. CEO Harris Kupperman has expressed interest in acquiring the Puerto Rican property at a premium, subject to independent valuation and shareholder approval. The company is also in discussions regarding the potential sale of KEDM.
Mongolia Growth Group (TSXV:YAK) has announced the renewal of its Normal Course Issuer Bid (NCIB) program, allowing the company to repurchase up to 1,700,000 common shares, representing approximately 6.64% of current issued shares and 9.92% of the public float. The program will run from April 1, 2025, to March 31, 2026.
Under the previous NCIB program from April 2024 to March 2025, the company purchased 510,000 shares at an average price of $1.37. The new buyback will be conducted through Research Capital on the TSX Venture Exchange, with purchased shares designated for cancellation. The company may consider selling investment properties to finance the share purchases.
Monthly purchases will be to 2% of outstanding shares. The board believes the market price may not fully reflect the company's underlying value and growth prospects, making share repurchases an appropriate use of funds.
Mongolia Growth Group announced the successful passage of all resolutions and the election of all nominated directors at its Annual General Meeting held on November 5, 2024. The elected directors include Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman, and Robert Scott. For more information, visit their website or contact Genevieve Walkden, Corporate Secretary.
Mongolia Growth Group Ltd. (OTC PINK:MNGGF) successfully held its Annual General Meeting on September 7, 2022, where all director nominations were approved. The elected directors include Nick Cousyn, Jim Dwyer, Brad Farquhar, Harris Kupperman, and Robert Scott. The company focuses on commercial real estate investments in Mongolia, possessing a diverse portfolio of institutional-grade assets. MGG emphasizes its commitment to the Mongolian economy and its ongoing growth strategies.
Mongolia Growth Group Ltd. (MNGGF) announced that Mr. Harris Kupperman acquired an additional 25,000 common shares, increasing his ownership to 6,775,000 shares, representing approximately 23.8% of the company. The acquisition took place on October 20, 2021, for an aggregate amount of $29,855. Kupperman had previously reported holding 6,750,000 shares, 23.8% of the total. This acquisition is aligned with the normal course purchase exemption outlined in National Instrument 62-104, and he may acquire up to an additional 5% in the next year.