SouthGobi (01878.HK) announced that on April 15, its wholly-owned subsidiary SGS received the latest court order issued by the first-instance administrative court in Ulaanbaatar, Mongolia, which revoked the requests made by several officials from the Mongolian tax authority regarding the Tax Dispute Resolution Committee (TDRC) (i.e., to contest or overturn the TDRC's previous decision to reduce the tax penalty against SGS from approximately USD 80 million to USD 26.5 million).
Currently, the company has been informed that the Mongolian tax authority officials, as plaintiffs in the case, have filed an appeal

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SOUTHGOBI announced that its wholly-owned subsidiary SGS received a recent order from the First Instance Administrative Court in Ulaanbaatar, Mongolia, on April 15, which revoked the request made by officials of the Mongolian Tax Authority against the Tax Dispute Resolution Committee (TDRC). This request was an appeal against the TDRC's decision to reduce SGS's tax penalty from approximately USD 80 million to USD 26.5 million. The officials of the Mongolian Tax Authority, as plaintiffs, have filed an appeal

The administrative court has revoked the case of tax fines against SouthGobi Mongolia in the first instance