MEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays

Reuters2025-12-12

MEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays

Mongolia Energy Corporation Limited $(MEC)$ is currently addressing a significant accounting issue related to a Disclaimer of Audit Opinion for the year ended 31 March 2025. The company is implementing an Action Plan to resolve the auditor's disclaimer, which includes settling outstanding royalty tax payables for 2022 and 2023 with the Mongolian Tax Authority $(MTA)$ through a series of instalments. Additionally, MEC's subsidiary MoEnCo is contesting a reassessment tax of approximately MNT 412.3 billion for the tax years 2017 to 2020 and has initiated legal proceedings against the Tax Dispute Resolution Council (TDRC) in Mongolia. The company is committed to resolving these matters and keeping shareholders informed on further developments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mongolia Energy Corporation Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251212-11953779), on December 12, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2590345574?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-12 17:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2590345574","market":"us","top_or_hot":-1,"title":"MEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      MEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/00276\">Mongolia Energy</a> Corporation Limited <a href=\"https://laohu8.com/S/MEC\">$(MEC)$</a> is currently addressing a significant accounting issue related to a Disclaimer of Audit Opinion for the year ended 31 March 2025. The company is implementing an Action Plan to resolve the auditor's disclaimer, which includes settling outstanding royalty tax payables for 2022 and 2023 with the Mongolian Tax Authority <a href=\"https://laohu8.com/S/MTA\">$(MTA)$</a> through a series of instalments. Additionally, MEC's subsidiary MoEnCo is contesting a reassessment tax of approximately MNT 412.3 billion for the tax years 2017 to 2020 and has initiated legal proceedings against the Tax Dispute Resolution Council (TDRC) in Mongolia. The company is committed to resolving these matters and keeping shareholders informed on further developments.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mongolia Energy Corporation Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251212-11953779), on December 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-12 17:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      MEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/00276\">Mongolia Energy</a> Corporation Limited <a href=\"https://laohu8.com/S/MEC\">$(MEC)$</a> is currently addressing a significant accounting issue related to a Disclaimer of Audit Opinion for the year ended 31 March 2025. The company is implementing an Action Plan to resolve the auditor's disclaimer, which includes settling outstanding royalty tax payables for 2022 and 2023 with the Mongolian Tax Authority <a href=\"https://laohu8.com/S/MTA\">$(MTA)$</a> through a series of instalments. Additionally, MEC's subsidiary MoEnCo is contesting a reassessment tax of approximately MNT 412.3 billion for the tax years 2017 to 2020 and has initiated legal proceedings against the Tax Dispute Resolution Council (TDRC) in Mongolia. The company is committed to resolving these matters and keeping shareholders informed on further developments.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mongolia Energy Corporation Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251212-11953779), on December 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00276","symbol_name":"蒙古能源","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251212:nNDL6FKldk:1","article_id":"2590345574","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590345574","pubTimestamp":1765530276,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Mongolia Energy Corporation Limited  is currently addressing a significant accounting issue related to a Disclaimer of Audit Opinion for the year ended 31 March 2025. The company is implementing an Action Plan to resolve the auditor's disclaimer, which includes settling outstanding royalty tax payables for 2022 and 2023 with the Mongolian Tax Authority  through a series of instalments. Additionally, MEC's subsidiary MoEnCo is contesting a reassessment tax of approximately MNT 412.3 billion for the tax years 2017 to 2020 and has initiated legal proceedings against the Tax Dispute Resolution Council  in Mongolia. The company is committed to resolving these matters and keeping shareholders informed on further developments.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financia","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00276":"蒙古能源","BK1178":"煤与消费用燃料"},"translate_title":"MEC因税务纠纷和付款延迟而面临审计免责声明","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00276":0.9},"content_text":"MEC Faces Audit Disclaimer Amid Tax Dispute and Payment Delays\n    \n\nMongolia Energy Corporation Limited $(MEC)$ is currently addressing a significant accounting issue related to a Disclaimer of Audit Opinion for the year ended 31 March 2025. The company is implementing an Action Plan to resolve the auditor's disclaimer, which includes settling outstanding royalty tax payables for 2022 and 2023 with the Mongolian Tax Authority $(MTA)$ through a series of instalments. Additionally, MEC's subsidiary MoEnCo is contesting a reassessment tax of approximately MNT 412.3 billion for the tax years 2017 to 2020 and has initiated legal proceedings against the Tax Dispute Resolution Council (TDRC) in Mongolia. The company is committed to resolving these matters and keeping shareholders informed on further developments.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mongolia Energy Corporation Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251212-11953779), on December 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590345574","isCrawlerRequest":true}