Summary by Moomoo AI
Mongol Mining announced on February 21, 2024 that it has completed the trade with Jiayou International Logistics, selling a 20% stake in its wholly-owned subsidiary KEX. According to the announcement, all the prerequisites for the transaction have been met and the delivery has occurred. After the transaction, Mongol Mining holds an 80% stake in KEX through its indirect wholly-owned subsidiary BNS, while JIA holds the remaining 20%. Even with the sale of some of its equity, KEX remains a subsidiary of Mongol Mining.