Mongolia Growth Group to Sell Office Property and KEDM Business

Mongolia Growth Group Ltd. has announced agreements to sell its office building in Rincon, Puerto Rico, and its KEDM business. The office property is to be sold for USD$1.45 million, having been purchased in 2021 for USD$650,000. It generates a net income of USD$5,000 monthly and is mainly leased.

The KEDM business, which provides investment monitoring, will be sold for the assumption of its deferred revenue obligations, ranging between CAD$600,000 and CAD$900,000. Revenue for KEDM in the first half of 2025 was CAD$1,099,289, exhibiting attrition in customer growth. Both sales are subject to shareholder approval.

These transactions align with the company’s strategy to evaluate operations and potentially distribute cash to shareholders. A resulting shift to the NEX Board of the TSXV could occur if the company’s asset base reduces significantly post-sale.