TORONTO, ON / ACCESS Newswire / December 4, 2025 / Mongolia Growth Group Ltd. (NEX:YAK.H, "MGG" or the "Company") is pleased to announce that it has completed the sale of its office building in Rincón, Puerto Rico, to an entity owned and controlled by Harris Kupperman, the Chairman and Chief Executive Officer of the Company, for USD $1.45 million (the "Office Sale Transaction"), as previously announced on August 27, 2025. As a result of the closing of the Office Sale Transaction, the Company intends to wind down its Puerto Rican operations immediately.
The Company continues to advance its corporate reorganization and planned return of capital to shareholders and plans to provide an update in due course.
For further information, please contact:
Genevieve Walkden
Corporate Secretary & Chief Financial Officer
Email: gwalkden@mongoliagrowthgroup.com
Phone: (877) 644-1186
Forward-Looking Information Disclaimer
This press release contains forward-looking information within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, winding down its operations in Puerto Rico and that the Company continues to advance its corporate reorganization and planned return of capital to shareholders and expects to provide a further update before the end of the year. These statements are subject to numerous risks and uncertainties, including advancement of the Company's return of capital plans, the decisions and directions of the Company's board, tax and regulatory considerations\ and market conditions. Actual results may differ materially. Readers are cautioned not to place undue reliance on these statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market and business conditions, the regulatory process and actions, regulator and corporate approvals, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.
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.
SOURCE: Mongolia Growth Group Ltd.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/real-estate/mongolia-growth-announces-closing-of-office-sale-transaction-1114637
