SOUTHGOBI (01878) Subsidiary SGS Secures Loan Facility of Up to RMB 235 Million

Stock News

Oct 13

SOUTHGOBI (01878) announced that its subsidiary Southgobi Sands LLC (SGS), which operates in Mongolia, has entered into a secured loan agreement with a principal amount of up to RMB 235 million (equivalent to approximately CAD 46,095,250) under the terms of a loan agreement with Khan Bank JSC (the lender) dated October 7, 2025.

The key terms of the loan stipulate that the lender will provide SGS with a loan facility of up to RMB 235 million (equivalent to approximately CAD 46,095,250). The loan term is 18 months from the first drawdown date. The loan bears interest on the outstanding principal at an annual rate of 10%, calculated on a 365-day year basis.

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The loan term is 18 months from the first drawdown date. 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