MEC Ordered to Pay MNT 412.3 Billion in Mongolian Tax Reassessment

Reuters01-09

MEC Ordered to Pay MNT 412.3 Billion in Mongolian Tax Reassessment

Mongolia Energy Corporation Limited $(MEC)$ is facing a significant tax reassessment issue in Mongolia. The Mongolian Administrative Court has ruled in favor of the Tax Dispute Resolution Council (TDRC), requiring MEC’s subsidiary, MoEnCo, to pay reassessed taxes totaling MNT 412.3 billion (approximately HK$902.6 million) for the period between 2017 and 2020. MEC is considering an appeal and seeking legal advice, with the company advising shareholders and potential investors to exercise caution when dealing in its shares.

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-20260109-11986157), on January 09, 2026, and is solely responsible for the information contained therein.

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The Mongolian Administrative Court has ruled in favor of the Tax Dispute Resolution Council (TDRC), requiring MEC’s subsidiary, MoEnCo, to pay reassessed taxes totaling MNT 412.3 billion (approximately HK$902.6 million) for the period between 2017 and 2020. MEC is considering an appeal and seeking legal advice, with the company advising shareholders and potential investors to exercise caution when dealing in its shares.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>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. 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MEC is considering an appeal and seeking legal advice, with the company advising shareholders and potential investors to exercise caution when dealing in its shares.\n      \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. 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