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Mongolian Mining Corp (0975.HK)

0975.HK on Hong Kong Stock

29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

Mongolian Mining Corp announces rights issue
Thursday, 30 Oct 2014 06:15pm EDT 

Mongolian Mining Corp:Proposes to raise not less than about HK$1,556 mln and not more than about HK$1,567 mln, before estimated expenses, by way of rights issue.Issue not less than 5,557,554,750 rights shares and not more than 5,597,079,750 rights shares.Rights on basis of three rights shares for every two shares held by qualifying shareholders on record date at subscription price of HK$0.28 per rights share payable in full on acceptance.Estimated net proceeds from rights issue will be not less than about HK$1,516 mln and not more than about HK$1,527 mln after deduction of all estimated expenses.Intend to use net proceeds of rights issue to improve liquidity and finance its general working capital.  Full Article

Mongolian Mining Corp does not recommend interim dividend
Monday, 18 Aug 2014 10:54am EDT 

Mongolian Mining Corp:Does not recommend declaration and payment of interim dividend in respect of the six months ended June 30, 2014 (six months ended June 30, 2013: nil).  Full Article

ASIA CREDIT CLOSE: Benign rate outlook supports new issues

SINGAPORE, April 29 (IFR) - The iTraxx Asia ex-Japan investment grade index was 1bp wider at 140bp/142bp, while the Australian and Japanese indices were flat, after the Bank of Japan did not introduce any new stimulus measures on Thursday.