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. reports corporate reorganization, asset disposition, shareholder voting and capital-structure developments. Recent company news includes the completed sale of its KEDM event-driven data subscription business, the completed sale of its Puerto Rico office property, the wind-down of Puerto Rican operations, and the transfer of its exchange listing to the NEX board of the TSX Venture Exchange.
Recurring updates also cover annual and special meeting results, director and auditor approvals, normal course issuer bid activity, material agreements, governance matters, operating and financial results, and the company's planned return of capital process.
Mongolia Growth Group (MNGGF) completed its court-approved plan of arrangement on May 20, 2026. Each existing share was exchanged for one new common share and one redeemable preferred share, immediately redeemed for $1.28 in cash.
The new common shares carry two votes per share and are expected to begin trading on the NEX within two business days. The company retained about $1.4 million in cash and will seek new business opportunities. Leadership changes include a new CEO and board resignations.
Mongolia Growth Group (MNGGF) announced a plan of arrangement to return capital: each outstanding common share will convert into one New Common Share plus one Redeemable Preferred Share, which will be immediately redeemed for $1.28 cash per common share.
New Common Shares will carry two votes each. The Arrangement requires shareholder approval (two‑thirds), Court and NEX approvals, and, if completed, will leave the company with approximately $1 million in cash for ongoing costs and potential new opportunities.
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.