Mongolia Energy Corporation's Subsidiary Hires Contractor to Build Truck Garage

MT Newswires Live07-16

Mongolia Energy Corporation's (HKG:0276) subsidiary MoEnCo has hired Khushig Uul as the contractor for the construction of a new truck garage and other buildings located at the Khushuut Coal Mine at a consideration of about HK$8.8 million, a Tuesday filing with the Hong Kong Exchange said.

According to the construction contract, the contractor will be constructing a new truck garage and other buildings starting on July 16 and shall finish them in 180 calendar days.

The company's shares were up over 1% on Tuesday' close.

Price (HKD): $0.71, Change: $+0.01, Percent Change: +1.43%

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