Mongolia Growth Group Announces Capital Return Plan

Mongolia Growth Group Ltd. has announced a capital return plan to shareholders. Under a plan of arrangement, shareholders will receive $1.28 per common share. Each existing share will be exchanged for a new common share and a redeemable preferred share, which will be immediately redeemed for cash.

This move is seen as a strategic decision to efficiently return capital to shareholders, aligning with the company's prior intentions to distribute a significant portion of its cash assets. The completion of the arrangement is contingent on shareholder and regulatory approvals, with a meeting scheduled for May 2026.

If approved, the company will retain approximately $1 million for ongoing costs and may explore new business opportunities. Further details will be provided in a forthcoming circular available to shareholders.