Mongolia Growth Group Provides Update the Proposed Sale of Its Office Property and KEDM Business
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) ha fornito un aggiornamento su due operazioni in sospeso: la vendita della sua KEDM business e una proprietà per uffici a Rincon, Porto Rico. Entrambe le operazioni sono in fase di chiusura condizionata e richiedono l'approvazione degli azionisti alla prossima assemblea annuale e speciale prevista per il 7 ottobre 2025. L'azienda prevede di completare entrambe le operazioni prontamente dopo l'approvazione degli azionisti in riunione. L'annuncio serve come aggiornamento di conformità ai sensi della Sezione 3.5 della Politica di Borsa 3.3.
Mongolia Growth Group (TSXV:YAK) ha actualizado dos operaciones pendientes: la venta de su negocio KEDM y una propiedad de oficinas en Rincon, Puerto Rico. Ambas transacciones avanzan hacia las condiciones de cierre y requieren la aprobación de los accionistas en la próxima asamblea anual y extraordinaria prevista para el 7 de octubre de 2025. La empresa espera completar ambas operaciones poco después de la aprobación de los accionistas en la reunión. El anuncio sirve como actualización de cumplimiento bajo la Sección 3.5 de la Política de Intercambio 3.3.
Mongolia Growth Group (TSXV:YAK)은 보류 중인 두 건의 거래에 대해 업데이트를 제공했습니다: KEDM business의 매각 및 푸에르토리코 리콘의 사무실 부동산. 두 거래는 마감 조건을 진행 중이며 다가오는 연례 및 특별 주주총회에서 주주 승인 필요. 2025년 10월 7일에 예정된 회의에서의 승인이 이루어지면 두 거래를 신속히 완료할 것으로 회사는 기대합니다. 발표는 거래소 정책 3.3의 섹션 3.5에 따른 준수 업데이트로서의 역할을 합니다.
Mongolia Growth Group (TSXV:YAK) a fourni une mise à jour concernant deux opérations en cours: la vente de son activité KEDM et une propriété de bureaux à Rincon, Porto Rico. Les deux transactions progressent selon les conditions de clôture et nécessitent l'approbation des actionnaires lors de la prochaine assemblée annuelle et extraordinaire prévue le 7 octobre 2025. L'entreprise prévoit de finaliser rapidement les deux transactions après l'approbation des actionnaires lors de la réunion. L'annonce sert de mise à jour de conformité en vertu de la Section 3.5 de la Politique d'Échange 3.3.
Mongolia Growth Group (TSXV:YAK) hat ein Update zu zwei ausstehenden Transaktionen gegeben: dem Verkauf seines KEDM-Geschäfts und einer Büroimmobilie in Rincon, Puerto Rico. Beide Transaktionen durchlaufen die Abschlussbedingungen und erfordern die Zustimmung der Aktionäre auf der kommenden Jahres- und Sonderversammlung, die für den 7. Oktober 2025 angesetzt ist. Das Unternehmen erwartet, beide Transaktionen nach der Zustimmung der Aktionäre bei der Versammlung zügig abzuschließen. Die Ankündigung dient als Compliance-Update gemäß Abschnitt 3.5 der Börsenpolitik 3.3.
Mongolia Growth Group (TSXV:YAK) قامت بتحديث بخصوص صفقتين قائمتين: بيع KEDM للأعمال التجارية لديها و< b>عقار مكتب في Rincon، بورتو ريكو. كلا الصفقتين يتقدمان نحو شروط الإغلاق ويتطلبان موافقة المساهمين في الاجتماع السنوي الخاص القادم المقرر في 7 أكتوبر 2025. تتوقع الشركة إكمال كلا الصفقتين فور حصول موافقة المساهمين في الاجتماع. الإعلان يعمل كتحديث امتثال بموجب القسم 3.5 من سياسة البورصة 3.3.
Mongolia Growth Group (TSXV:YAK) 就两笔待处理交易发布更新：出售其 KEDM 业务，以及在 波多黎各里康的办公室房地产。两笔交易都在按照交割条件推进，需在即将于 2025 年 10 月 7 日 举行的年度股东大会和特别会议上获得股东批准。公司预计在股东大会批准后会迅速完成两笔交易。该公告是根据交易所政策 3.3 第 3.5 条的合规更新。
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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: gwalkden@mongoliagrowthgroup.com
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
FAQ
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