SouthGobi Resources wins Mongolian tax audit appeal
SouthGobi Resources Ltd. (HKEX: 1878) announced a positive update regarding its Mongolia tax audit. On June 9, 2025, Southgobi Sands LLC ("SGS"), the Company's wholly owned subsidiary in Mongolia, obtained a copy of a judgement dated May 27, 2025 (“Appellate Court Judgement") issued by the Appellate Court for Administrative in Ulaanbaatar, Mongolia (the "Appellate Court"). The Appellate Court upheld the order issued by the Judge of the Administrative Court of First Instance in Mongolia on April 15, 2025, rejecting a claim against the TDRC aimed at overturning the Re-assessment Result. This decision renders the Re-assessment Result legally valid and effective, with no further appeals possible under Mongolian law. The company anticipates no further disputes on the matter and will provide updates as new developments arise.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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