Mongolian Mining (HK:0975) has released an update.
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Mongolian Mining Corporation has successfully concluded the sale of a 20% stake in its wholly-owned subsidiary, KEX, to Jiayou International Logistics Co., Ltd., with all conditions met as of the announcement date. Post-transaction, Mongolian Mining Corporation maintains an 80% interest in KEX, ensuring that it remains a subsidiary of the company. This strategic move prompts market watchers to anticipate potential impacts on the company’s financial structure and future growth trajectory.
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