SouthGobi Postpones Major Payment Obligation

SouthGobi Resources (TSE:SGQ) has released an update.

SouthGobi Resources Ltd. has announced a further delay in the payment obligations pertaining to an earlier deferral agreement. This transaction is significant as it involves JD Zhixing Fund L.P., the holder of the company’s substantial $250 million Convertible Debenture and also its largest shareholder. The deferral is in compliance with the Hong Kong Listing Rules and Securities and Futures Ordinance.

For further insights into TSE:SGQ stock, check out TipRanks’ Stock Analysis page.