Replies to post #1120 on Mongolian Mining Corp. (MOGLF)

[mhsg]

Now up over 100% in one and a bit sessions.

Is it going to be privatised? Its controlling shareholder should have the cash after its deal with Cerberus earlier this year?


Global Investment Firm Cerberus Acquires Stake in Certain MCS Group Companies
ULAANBAATAR, MONGOLIA and NEW YORK – 24 August 2020 – MCS Group (“MCS” or the “Company”), which consists of over 20 companies operating in various sectors such as energy, engineering, mining, real estate, telecommunications, and consumer goods, today announced that it has completed a transaction with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. An affiliate of Cerberus has acquired approximately 20% indirect ownership or notes convertible into equity of seven MCS companies operating in the telecommunications and consumer goods sectors.[color=red][/color]