In explaining the sharp drop in its stock price on the Hong Kong Stock Exchange, SouthGobi said it "understands a bill regarding foreign investment in Mongolia proceeded through first reading in the State Great Khural (Parliament). "In its current version, the bill contains a clause requiring 51% Mongolian ownership of strategic assets. "Second, the Anti-Corruption Agency of Mongolia today formally requested information from the offices of SouthGobi Sands LLC, a wholly owned subsidiary of SouthGobi. "SouthGobi has previously been advised this is in connection with an investigation into a third-party and has no reason to believe SouthGobi Sands LLC is itself the subject of any investigation. SouthGobi has cooperated fully and provided the required information."