Mongolia Growth Grou (MNGGF) 0.6906 $MNGGF
Mongolia Growth Group Ltd. May 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Tue Jul 07, 7:41AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Announces AGM Results
Filing Services Canada XHTML - Wed Jun 17, 8:20AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. April 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Wed May 27, 7:02AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Announces Interim CFO Transition
Filing Services Canada - Mon May 25, 7:31AM CDT
Mongolia Growth Group Announces Interim CFO Transition Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces that Genevieve Walkden will assume the duties of Interim CFO in addition to her role as Corporate Secretary. Talha Siddiqui has served as Interim CFO since February 2014 and will be leaving Mongolia following two years with MGG in order to spend more time with his family. I want to thank Talha for stepping in as Interim CFO for the past year. We all greatly appreciate his efforts and dedication, said Harris Kupperman, Chairman and CEO of MGG. Ms. Walkden has an MBA, CFP, and CAIA designations. She has been with the Company since April 2011 in various roles including Director of Operations and Corporate Secretary and has been actively involved in the preparation of the Companys financial statements over the past few years. When I stepped back into the CEO role, my first priority was to restore our operations, stabilize the business and dramatically reduce our losses. Now that these initiatives are gaining traction, we have begun the search for a permanent CFO as our focus transitions towards the next stage of our growth. Given our improving operating numbers, we believe that we are now in a much better position to attract a highly qualified CFO. For more information about Mongolia Growth Group, please visit the Companys website at www.MongoliaGrowthGroup.com (http://www.MongoliaGrowthGroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third-party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. ### Forward-looking Information and Statements Information and statements contained in this news release that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information and statements contained in this news release include information with respect to our intention to move forward into the construction of international standard properties in Mongolia. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and development of real property in Mongolia; competition, financing and refinancing risks; risks related to economic conditions; risks related to regulation of the real estate business in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com. Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...252015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. March 2015 Monthly Letter to Shareholders
Filing Services Canada - Thu Apr 30, 8:36AM CDT
Mongolia Growth Group Ltd. March 2015 Monthly Letter to Shareholders Toronto, Ontario (FSCwire) - / Mongolia Growth Group Ltd. (YAK TSXV and MNGGF USA), (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces the release of its March 2015 Shareholder Letter. March 2015 Shareholder Letter To the Shareholders of Mongolia Growth Group Ltd., In March 2015, MGGs core commercial property portfolio* experienced a same-store rental increase of 10.8% relative to March 2014 on properties owned 12 months or longer, as measured in local currency (Mongolian Togrog). Total billed revenue for March 2015 was 277.5 million Mongolian Togrog, as compared to 267.4 million Mongolian Togrog in March of 2014 or a 3.8% increase.** The occupancy rate for the core portfolio in March of 2015 was 95.6% including an occupancy rate of 96.7% for core retail properties and an occupancy rate of 94.1% for core office properties***. Tuguldur Stage 2 Development Update Tuguldur Stage 2 Development Update Over the past few months we have continued to make progress on multiple fronts with the development of Stage 2 of our flagship Tuguldur Shopping Center. In order to be in a position to proceed with this project as soon as funding becomes available, we have successfully initiated some of the preliminary work associated with it. As part of obtaining statutory approvals, we recently received the Project Planning Approval from the Masterplanning Agency of Ulaanbaatar City which allowed us to move the project into its Masterplanning and Design phase. With this approval in place, we have recently signed a Stage 2 design contract with a well-respected international design practice aiming to complete the Architectural Concept Design by mid-June 2015 and Architectural Detailed Design by early September. A subsequent contract to provide the project with structural and MEP design was signed with one of the Mongolian design firms who will also be providing our international designer with local design content. Mongolian Economic Update Since the most recent letter: The Government of Mongolia and the World Banks Multilateral Investment Guarantee Agency (MIGA) have signed legal agreements to facilitate foreign direct investment into the country. MIGA and Standard Chartered Bank have proposed to guarantee Oyu Tolgoi LLC for up to 15 years against expropriation risks, breach of contract and war and civil disturbance (Bloomberg) Mongolias total exports in the first quarter of 2015 rose 9.2% to US $1.08b vs US $986.7m a year ago (Bloomberg) Mongolias trade balance swung to a surplus of US $376m in Q1 2015 from a deficit of US $9.1m during Q1 2014 (Bloomberg) Mongolias FDI was negative US $72.2m during the first quarter of 2015 (Bloomberg) We look forward to updating you again on our progress and new developments in the Mongolian economy next month. Sincerely, Harris Kupperman Chairman & CEO Mongolia Growth Group Ltd. *The core commercial property portfolio is defined as those commercial assets that are held for long term investment and excludes certain development assets which produce minimal rental revenues, certain assets that are actively being marketed and all residential properties. Two properties included in the calculation are accounted for as PP&E assets in the Companys financial statements as filed with SEDAR. **Billed revenue represents the revenue billed to tenants, net of VAT. It does not take into account bad debt expense, late payment penalties, interest income or management fee revenue. ***Ground floor retail locations inside of office buildings are classified as office space in terms of rental revenue and meters available to rent. For further details on the foregoing document, please refer to the Corporation's filing on SEDAR. For more information on Mongolia Growth Group Ltd., please see our website: www.MongoliaGrowthGroup.com Or contact: Genevieve Walkden GWalkden@mongoliagrowthgroup.com (mailto:GWalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Letter to Shareholders. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...302015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Completes Debt Settlement
Filing Services Canada - Mon Apr 27, 7:02AM CDT
Mongolia Growth Group Ltd. Completes Debt Settlement NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (MGG or the Company) is pleased to announce the closing of the Company's previously announced settlement of outstanding amounts owed by the Company in the amount of US $420,000 through the issuance of 640,691 common shares of the Company at a price of CAD $0.82 per share. The shares are subject to a four month hold period from the date of issuance. For further information on the Corporation, please visit www.mongoliagrowthgroup.com (http://www.mongoliagrowthgroup.com) or contact: Genevieve Walkden Gwalkden@mongoliagrowthgroup.com Tel: (877) 644-1186 Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...272015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Updates Corporate Presentation And Shares Tuguldur Construction Video
Filing Services Canada - Mon Apr 20, 8:15AM CDT
Mongolia Growth Group Ltd. Updates Corporate Presentation And Shares Tuguldur Construction Video Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy is pleased to announce that it has posted its recent corporate presentation on its website at the following http://mongoliagrowthgroup.com/wp/wp-content/...tation.pdf (http://mongoliagrowthgroup.com/wp/wp-content/uploads/April-20-2015-Corporate-Presentation.pdf). In addition, the Company has created a video showcasing the success of its Tuguldur Stage 1 development program. That video is available at the following https://www.youtube.com/watch?v=plwLBfzEqFQ (https://www.youtube.com/watch?v=plwLBfzEqFQ). For further information on the Corporation, please visit www.mongoliagrowthgroup.com (http://www.mongoliagrowthgroup.com) or contact: Genevieve Walkden Gwalkden@mongoliagrowthgroup.com (mailto:Gwalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Press release. ## To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...202015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Announces Cancellation of Stock Options and Issuance Of Options To Directors
Filing Services Canada XHTML - Tue Apr 07, 8:00AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Announces Issuance of Stock Options and Settlement of Outstanding Debt
Filing Services Canada XHTML - Thu Apr 02, 7:02AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. February 2015 Monthly Letter to Shareholders
Filing Services Canada - Mon Mar 30, 7:04AM CDT
Mongolia Growth Group Ltd. February 2015 Monthly Letter to Shareholders Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK TSXV and MNGGF USA), (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces the release of its February 2015 Shareholder Letter. February 2015 Shareholder Letter To the Shareholders of Mongolia Growth Group Ltd., In February 2015, MGGs core commercial property portfolio* experienced a same-store rental increase of 12.2% relative to February 2014 on properties owned 12 months or longer, as measured in local currency (Mongolian Togrog). Total billed revenue for February 2015 was 280.2 million Mongolian Togrog, as compared to 242.7 million Mongolian Togrog in February of 2014 or a 15.4% increase.** The occupancy rate for the core portfolio in February of 2015 was 93.8% including an occupancy rate of 100.0% for core retail properties and an occupancy rate of 95.3% for core office properties***. Strategic Tuguldur Acquisition and Tuguldur Stage 2 Development Update Strategic Tuguldur Acquisition We have continued to increase the size of our Tuguldur Center footprint through acquisitions of adjacent buildings. Most recently, we acquired a 77 square meter building that will serve as the western extent of our Tuguldur Center. Our goal is to renovate this building during the summer, in order to adjoin it physically to Tuguldur, increase its size to approximately 100 meters of usable space along with adjusting its facade to match that of Tuguldurs. To date, we have received numerous offers to rent the building once renovations are completed. The acquisition was funded primarily through the swapping of two assets that we were marketing for sale. Tuguldur Stage 2 Development Update We believe that the completion of Tuguldur Stage 2 will dramatically transform MGGs revenues and cash flow going forward. Over the past month, we have opened dialogue with multiple lenders about securing debt funding for the development of Tuguldur Stage 2. In order to be in a position to proceed with the development of this project as soon as funding is secured, we have signed an enabling works contract in order to relocate underground utilities running through the site upon which Stage 2 will be built. Starting these works early will put us in a position to rapidly progress the project as soon as Stage 2 construction funding is available. Mongolian Economic Update Since the most recent letter: Ferrostaal Industrial Projects GmbH will begin construction of its Sainshand Wind Farm in April, slated to be Mongolias largest when it is completed in 2016. The $115 million park will have 27 towers and an installed capacity of 54 megawatts. (Bloomberg) Bank of Mongolia revises inbound FDI for 2014 to $507.6m. Inbound FDI was $2.14b in 2013, $4.45b in 2012 (Bloomberg) The trade surplus was $290.9m during the first two months of 2015 which compares to a $19.5m deficit a year earlier, according to the National Statistical Office. Exports rose 26.7% y/y to $753.2m in Jan.-Feb and imports fell 24.7% y/y to $462.4m in Jan.-Feb. (Bloomberg) The Cabinet decided to finance Egiin River Hydro-electric Station by a soft loan from China and start negotiations on it. Project Feasibility Study was approved in August 2014 and the total project needs USD 827 million. PMs Spokesman told press today that USD 827 million will be financed from USD 1 billion soft loan from Chinese Government. We look forward to updating you again on our progress and new developments in the Mongolian economy next month. Sincerely, Harris Kupperman Chairman & CEO Mongolia Growth Group Ltd. *The core commercial property portfolio is defined as those commercial assets that are held for long term investment and excludes certain development assets which produce minimal rental revenues, certain assets that are actively being marketed and all residential properties. Two properties included in the calculation are accounted for as PP&E assets in the Companys financial statements as filed with SEDAR. **Billed revenue represents the revenue billed to tenants, net of VAT. It does not take into account bad debt expense, late payment penalties, interest income or management fee revenue. ***Ground floor retail locations inside of office buildings are classified as office space in terms of rental revenue and meters available to rent. For further details on the foregoing document, please refer to the Corporation's filing on SEDAR. For more information on Mongolia Growth Group Ltd., please see our website: www.MongoliaGrowthGroup.com Or contact: Genevieve Walkden GWalkden@mongoliagrowthgroup.com (mailto:GWalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Letter to Shareholders. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...302015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. to Present at NYSSA Mongolia Conference
Filing Services Canada - Mon Mar 09, 8:14AM CDT
Mongolia Growth Group Ltd. to Present at NYSSA Mongolia Conference Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy is pleased to announce that it has been invited to present at the 3rd Annual Investing in Mongolia conference hosted by The New York Society of Security Analysts (NYSSA) on April 9, 2015. Chairman and CEO Harris Kupperman will be speaking on behalf of MGG at the event. The mission of the New York Society of Security Analysts is to serve the needs of all members and investment professionals and to educate the investing public. For more information on the conference, please visit http://www.nyssa.org/programs/mastercalendar/...50409.aspx (http://www.nyssa.org/programs/mastercalendar/ctl/viewdetail/mid/512/itemid/2284/d/20150409.aspx) For further information on the Corporation, please visit www.mongoliagrowthgroup.com or contact: Genevieve Walkden Gwalkden@mongoliagrowthgroup.com Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Press release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...r92015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. May 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Tue Jul 07, 7:41AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Announces AGM Results
Filing Services Canada XHTML - Wed Jun 17, 8:20AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. April 2015 Monthly Letter to Shareholders
Filing Services Canada XHTML - Wed May 27, 7:02AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Announces Interim CFO Transition
Filing Services Canada - Mon May 25, 7:31AM CDT
Mongolia Growth Group Announces Interim CFO Transition Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces that Genevieve Walkden will assume the duties of Interim CFO in addition to her role as Corporate Secretary. Talha Siddiqui has served as Interim CFO since February 2014 and will be leaving Mongolia following two years with MGG in order to spend more time with his family. I want to thank Talha for stepping in as Interim CFO for the past year. We all greatly appreciate his efforts and dedication, said Harris Kupperman, Chairman and CEO of MGG. Ms. Walkden has an MBA, CFP, and CAIA designations. She has been with the Company since April 2011 in various roles including Director of Operations and Corporate Secretary and has been actively involved in the preparation of the Companys financial statements over the past few years. When I stepped back into the CEO role, my first priority was to restore our operations, stabilize the business and dramatically reduce our losses. Now that these initiatives are gaining traction, we have begun the search for a permanent CFO as our focus transitions towards the next stage of our growth. Given our improving operating numbers, we believe that we are now in a much better position to attract a highly qualified CFO. For more information about Mongolia Growth Group, please visit the Companys website at www.MongoliaGrowthGroup.com (http://www.MongoliaGrowthGroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third-party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. ### Forward-looking Information and Statements Information and statements contained in this news release that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information and statements contained in this news release include information with respect to our intention to move forward into the construction of international standard properties in Mongolia. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and development of real property in Mongolia; competition, financing and refinancing risks; risks related to economic conditions; risks related to regulation of the real estate business in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com. Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...252015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. March 2015 Monthly Letter to Shareholders
Filing Services Canada - Thu Apr 30, 8:36AM CDT
Mongolia Growth Group Ltd. March 2015 Monthly Letter to Shareholders Toronto, Ontario (FSCwire) - / Mongolia Growth Group Ltd. (YAK TSXV and MNGGF USA), (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces the release of its March 2015 Shareholder Letter. March 2015 Shareholder Letter To the Shareholders of Mongolia Growth Group Ltd., In March 2015, MGGs core commercial property portfolio* experienced a same-store rental increase of 10.8% relative to March 2014 on properties owned 12 months or longer, as measured in local currency (Mongolian Togrog). Total billed revenue for March 2015 was 277.5 million Mongolian Togrog, as compared to 267.4 million Mongolian Togrog in March of 2014 or a 3.8% increase.** The occupancy rate for the core portfolio in March of 2015 was 95.6% including an occupancy rate of 96.7% for core retail properties and an occupancy rate of 94.1% for core office properties***. Tuguldur Stage 2 Development Update Tuguldur Stage 2 Development Update Over the past few months we have continued to make progress on multiple fronts with the development of Stage 2 of our flagship Tuguldur Shopping Center. In order to be in a position to proceed with this project as soon as funding becomes available, we have successfully initiated some of the preliminary work associated with it. As part of obtaining statutory approvals, we recently received the Project Planning Approval from the Masterplanning Agency of Ulaanbaatar City which allowed us to move the project into its Masterplanning and Design phase. With this approval in place, we have recently signed a Stage 2 design contract with a well-respected international design practice aiming to complete the Architectural Concept Design by mid-June 2015 and Architectural Detailed Design by early September. A subsequent contract to provide the project with structural and MEP design was signed with one of the Mongolian design firms who will also be providing our international designer with local design content. Mongolian Economic Update Since the most recent letter: The Government of Mongolia and the World Banks Multilateral Investment Guarantee Agency (MIGA) have signed legal agreements to facilitate foreign direct investment into the country. MIGA and Standard Chartered Bank have proposed to guarantee Oyu Tolgoi LLC for up to 15 years against expropriation risks, breach of contract and war and civil disturbance (Bloomberg) Mongolias total exports in the first quarter of 2015 rose 9.2% to US $1.08b vs US $986.7m a year ago (Bloomberg) Mongolias trade balance swung to a surplus of US $376m in Q1 2015 from a deficit of US $9.1m during Q1 2014 (Bloomberg) Mongolias FDI was negative US $72.2m during the first quarter of 2015 (Bloomberg) We look forward to updating you again on our progress and new developments in the Mongolian economy next month. Sincerely, Harris Kupperman Chairman & CEO Mongolia Growth Group Ltd. *The core commercial property portfolio is defined as those commercial assets that are held for long term investment and excludes certain development assets which produce minimal rental revenues, certain assets that are actively being marketed and all residential properties. Two properties included in the calculation are accounted for as PP&E assets in the Companys financial statements as filed with SEDAR. **Billed revenue represents the revenue billed to tenants, net of VAT. It does not take into account bad debt expense, late payment penalties, interest income or management fee revenue. ***Ground floor retail locations inside of office buildings are classified as office space in terms of rental revenue and meters available to rent. For further details on the foregoing document, please refer to the Corporation's filing on SEDAR. For more information on Mongolia Growth Group Ltd., please see our website: www.MongoliaGrowthGroup.com Or contact: Genevieve Walkden GWalkden@mongoliagrowthgroup.com (mailto:GWalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Letter to Shareholders. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...302015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Completes Debt Settlement
Filing Services Canada - Mon Apr 27, 7:02AM CDT
Mongolia Growth Group Ltd. Completes Debt Settlement NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (MGG or the Company) is pleased to announce the closing of the Company's previously announced settlement of outstanding amounts owed by the Company in the amount of US $420,000 through the issuance of 640,691 common shares of the Company at a price of CAD $0.82 per share. The shares are subject to a four month hold period from the date of issuance. For further information on the Corporation, please visit www.mongoliagrowthgroup.com (http://www.mongoliagrowthgroup.com) or contact: Genevieve Walkden Gwalkden@mongoliagrowthgroup.com Tel: (877) 644-1186 Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...272015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Updates Corporate Presentation And Shares Tuguldur Construction Video
Filing Services Canada - Mon Apr 20, 8:15AM CDT
Mongolia Growth Group Ltd. Updates Corporate Presentation And Shares Tuguldur Construction Video Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy is pleased to announce that it has posted its recent corporate presentation on its website at the following http://mongoliagrowthgroup.com/wp/wp-content/...tation.pdf (http://mongoliagrowthgroup.com/wp/wp-content/uploads/April-20-2015-Corporate-Presentation.pdf). In addition, the Company has created a video showcasing the success of its Tuguldur Stage 1 development program. That video is available at the following https://www.youtube.com/watch?v=plwLBfzEqFQ (https://www.youtube.com/watch?v=plwLBfzEqFQ). For further information on the Corporation, please visit www.mongoliagrowthgroup.com (http://www.mongoliagrowthgroup.com) or contact: Genevieve Walkden Gwalkden@mongoliagrowthgroup.com (mailto:Gwalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Press release. ## To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...202015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Announces Cancellation of Stock Options and Issuance Of Options To Directors
Filing Services Canada XHTML - Tue Apr 07, 8:00AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. Announces Issuance of Stock Options and Settlement of Outstanding Debt
Filing Services Canada XHTML - Thu Apr 02, 7:02AM CDT
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. February 2015 Monthly Letter to Shareholders
Filing Services Canada - Mon Mar 30, 7:04AM CDT
Mongolia Growth Group Ltd. February 2015 Monthly Letter to Shareholders Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK TSXV and MNGGF USA), (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces the release of its February 2015 Shareholder Letter. February 2015 Shareholder Letter To the Shareholders of Mongolia Growth Group Ltd., In February 2015, MGGs core commercial property portfolio* experienced a same-store rental increase of 12.2% relative to February 2014 on properties owned 12 months or longer, as measured in local currency (Mongolian Togrog). Total billed revenue for February 2015 was 280.2 million Mongolian Togrog, as compared to 242.7 million Mongolian Togrog in February of 2014 or a 15.4% increase.** The occupancy rate for the core portfolio in February of 2015 was 93.8% including an occupancy rate of 100.0% for core retail properties and an occupancy rate of 95.3% for core office properties***. Strategic Tuguldur Acquisition and Tuguldur Stage 2 Development Update Strategic Tuguldur Acquisition We have continued to increase the size of our Tuguldur Center footprint through acquisitions of adjacent buildings. Most recently, we acquired a 77 square meter building that will serve as the western extent of our Tuguldur Center. Our goal is to renovate this building during the summer, in order to adjoin it physically to Tuguldur, increase its size to approximately 100 meters of usable space along with adjusting its facade to match that of Tuguldurs. To date, we have received numerous offers to rent the building once renovations are completed. The acquisition was funded primarily through the swapping of two assets that we were marketing for sale. Tuguldur Stage 2 Development Update We believe that the completion of Tuguldur Stage 2 will dramatically transform MGGs revenues and cash flow going forward. Over the past month, we have opened dialogue with multiple lenders about securing debt funding for the development of Tuguldur Stage 2. In order to be in a position to proceed with the development of this project as soon as funding is secured, we have signed an enabling works contract in order to relocate underground utilities running through the site upon which Stage 2 will be built. Starting these works early will put us in a position to rapidly progress the project as soon as Stage 2 construction funding is available. Mongolian Economic Update Since the most recent letter: Ferrostaal Industrial Projects GmbH will begin construction of its Sainshand Wind Farm in April, slated to be Mongolias largest when it is completed in 2016. The $115 million park will have 27 towers and an installed capacity of 54 megawatts. (Bloomberg) Bank of Mongolia revises inbound FDI for 2014 to $507.6m. Inbound FDI was $2.14b in 2013, $4.45b in 2012 (Bloomberg) The trade surplus was $290.9m during the first two months of 2015 which compares to a $19.5m deficit a year earlier, according to the National Statistical Office. Exports rose 26.7% y/y to $753.2m in Jan.-Feb and imports fell 24.7% y/y to $462.4m in Jan.-Feb. (Bloomberg) The Cabinet decided to finance Egiin River Hydro-electric Station by a soft loan from China and start negotiations on it. Project Feasibility Study was approved in August 2014 and the total project needs USD 827 million. PMs Spokesman told press today that USD 827 million will be financed from USD 1 billion soft loan from Chinese Government. We look forward to updating you again on our progress and new developments in the Mongolian economy next month. Sincerely, Harris Kupperman Chairman & CEO Mongolia Growth Group Ltd. *The core commercial property portfolio is defined as those commercial assets that are held for long term investment and excludes certain development assets which produce minimal rental revenues, certain assets that are actively being marketed and all residential properties. Two properties included in the calculation are accounted for as PP&E assets in the Companys financial statements as filed with SEDAR. **Billed revenue represents the revenue billed to tenants, net of VAT. It does not take into account bad debt expense, late payment penalties, interest income or management fee revenue. ***Ground floor retail locations inside of office buildings are classified as office space in terms of rental revenue and meters available to rent. For further details on the foregoing document, please refer to the Corporation's filing on SEDAR. For more information on Mongolia Growth Group Ltd., please see our website: www.MongoliaGrowthGroup.com Or contact: Genevieve Walkden GWalkden@mongoliagrowthgroup.com (mailto:GWalkden@mongoliagrowthgroup.com) Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Letter to Shareholders. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...302015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
Mongolia Growth Group Ltd. to Present at NYSSA Mongolia Conference
Filing Services Canada - Mon Mar 09, 8:14AM CDT
Mongolia Growth Group Ltd. to Present at NYSSA Mongolia Conference Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK [[18]] TSXV and MNGGF - USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy is pleased to announce that it has been invited to present at the 3rd Annual Investing in Mongolia conference hosted by The New York Society of Security Analysts (NYSSA) on April 9, 2015. Chairman and CEO Harris Kupperman will be speaking on behalf of MGG at the event. The mission of the New York Society of Security Analysts is to serve the needs of all members and investment professionals and to educate the investing public. For more information on the conference, please visit http://www.nyssa.org/programs/mastercalendar/...50409.aspx (http://www.nyssa.org/programs/mastercalendar/ctl/viewdetail/mid/512/itemid/2284/d/20150409.aspx) For further information on the Corporation, please visit www.mongoliagrowthgroup.com or contact: Genevieve Walkden Gwalkden@mongoliagrowthgroup.com Mongolia Growth Group Ltd. is a publicly tradedandleadingproperty investment and development company in Ulaanbaatar, Mongolia. MGG owns an extensive property portfolio, in diversified segments of the property market, with an emphasis on institutional-grade commercial assets. MGG undertakes its own property acquisitions, develops brownfield land assets and repositions outdated properties, relying on in-house services for all facets of both the investment portfolio and development side of the business. In addition, MGG acts as a full-service third party provider for institutional clients and tailors transactions covering acquisition-to-suit, build-to-suit, as well as refurbish-to-suit, for property owners and major tenants. Forward-looking Information Cautionary Statement Information and statements contained in this Letter to Shareholders that are not historical facts are forward-looking information within the meaning of applicable Canadian securities legislation and involve risks and uncertainties. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. MGG cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: risks associated with investment in and redevelopment of real property in Mongolia; competition, financing and refinancing risks; risks to the consumer mortgage market; a lack of correlation between disposable income and consumption; risks related to economic conditions; risks related to mining and mining development in Mongolia; risks related to regulation of the real estate in Mongolia; political risk in Mongolia; changes in Mongolian taxation rules; reliance on key personnel; environmental matters; tenant risks; and other risk factors more particularly described in in MGG's filings with Canadian securities regulators, which filings are available at www.sedar.com (http://www.sedar.com). Additional risks and uncertainties not presently known to MGG or that MGG currently believes to be less significant may also adversely affect MGG. Forward-looking information is designed to help you understand managements current views of our near and longer term prospects, and it may not be appropriate for other purposes. MGG does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required. The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this Press release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...r92015.pdf Source: Mongolia Growth Group Ltd. (TSX Venture:YAK, OTC Pink:MNGGF) http://www.mongoliagrowthgroup.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
YAK.VN: 0.880 (-0.040)
