Mongolia Energy Holds Issued Share Count Steady in March; Convertible Notes Rise to HK$4.08 Billion

Bulletin Express
Apr 02

Mongolia Energy Corporation Limited (Mongolia Energy) filed its monthly return with Hong Kong Exchanges and Clearing for the period ended 31 March 2026, showing no changes to its equity base while outstanding convertible notes inched higher.

Authorised and issued share capital • Authorised share capital remained at 15.00 billion ordinary shares with a par value of HK$0.02, representing HK$300.00 million in capital. • Issued shares were unchanged at 188.13 million, and the company held no treasury shares. • Mongolia Energy confirmed compliance with the Main Board’s 25% minimum public-float requirement.

Equity incentive schemes • The 2022 Share Option Scheme reported no options outstanding or exercised during the month. • The scheme still permits issuance of up to 18.81 million shares in future grants, preserving flexibility for equity incentives without immediate dilution.

Convertible instruments • The balance of 3% coupon convertible notes increased by HK$10.13 million to HK$4.08 billion. • These notes are convertible at HK$0.65 per share, representing a potential 6.27 billion new shares; however, no conversions occurred in March.

Other corporate actions • The company recorded no share buy-backs, cancellations, or transfers, and no Hong Kong Depositary Receipts or other equity-linked instruments were issued.

Overall, Mongolia Energy’s equity structure remained static in March 2026, with the sole movement being a modest HK$10.13 million rise in outstanding convertible notes. Connection with investors remains sufficient, as the required public float threshold is met.

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