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Mongolian Mining Corp (0975.HK)

0975.HK on Hong Kong Stock

0.24HKD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Mongolian Mining updates on debt restructuring
Thursday, 3 Nov 2016 10:26am EDT 

Mongolian Mining Corp <0975.HK>: Steering committee, lenders and qgx have provided their support for key commercial terms of updated debt restructuring proposal .Debt restructuring will safeguard ability of group to continue to trade as a going concern,.  Full Article

Mongolian Mining updates on legal proceeding
Thursday, 27 Oct 2016 08:44pm EDT 

Mongolian Mining Corp <0975.HK>: Continuing to progress negotiations with its creditors in relation to debt restructuring . On 27 October 2016, petition was heard before Cayman court .Cayman court ordered that petition be further adjourned, and provisional liquidation of company continue, until 18 November 2016.  Full Article

Mongolian Mining updates on debt restructuring
Monday, 10 Oct 2016 08:19pm EDT 

Mongolian Mining Corp <0975.HK> : It is continuing to progress negotiations with its creditors in relation to debt restructuring . As at date of this announcement, no winding up order had been made against company .On 7 october 2016 court granted order to effect that all proposed share transfers for which company had received requests.  Full Article

Mongolian Mining updates on petition heard by the grand court<0975.HK>
Thursday, 1 Sep 2016 08:21pm EDT 

Mongolian Mining Corp <0975.HK>: Petition was heard by the grand court on 1 September 2016 . Judge granted an order that provisional liquidation of the company be extended by a further eight weeks from this hearing .  Full Article

Mongolian Mining updates on debt restructuring<0975.HK>
Monday, 11 Jul 2016 05:50am EDT 

Mongolian Mining Corp <0975.HK>: Says company is continuing to progress negotiations with its creditors in relation to the debt restructuring . Filed application for appointment of provisional liquidators over company on "soft touch" basis to assist in debt restructuring process .  Full Article

Mongolian Mining Corp updates on facilities agreement
Tuesday, 22 Mar 2016 08:28pm EDT 

Mongolian Mining Corp:Reference is made to the announcement of the company dated 5 March 2014 and the 2014 annual report in relation to the facilities agreement.Company had neither made the payment to the lenders nor been able to secure any waiver or forbearance from the lenders in this regard.As such, an event of default under the bnp/icbc facilities agreement has taken place.Says proposed to enter forbearance agreements with both the lenders and the steering committee of the holders of the notes.Not received any notice from any of the lenders demanding immediate repayment of any outstanding amount under the bnp/icbc facilities agreement.  Full Article

Mongolian Mining Corp's indirect subsidiary inks agreement with MCS International
Tuesday, 30 Dec 2014 03:31am EST 

Mongolian Mining Corp:Says Energy Resources, an indirect wholly-owned subsidiary of entered into agreement with MCS International.Whereby MCS International agreed to provide services including UHG Power Plant and electricity distribution facilities operation and maintenance, heating facilities operation and maintenance, diesel generators operation and maintenance.Also includes supply of electricity and heating to end customers and contractors of Group and billing for consumption to Group from Jan.1, 2015 to Dec.31, 2017 for total consideration of MNT 86,332,146,634 (equivalent to about $45,815,832).  Full Article