Sat, Aug 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

SWFs to invest in SouthGobi

Posted on 11 January 2010

From Businessweek.com: SouthGobi Energy Resources Ltd may raise as much as C$459 million ($446.6 million) in a Hong Kong share sale. China Investment Corp., the nation’s sovereign wealth fund, and Temasek Holdings Pte, the Singapore government-owned investment company, have each agreed to buy $50 million worth of shares, sources say.

SouthGobi is raising capital to finance exploration, expand, and build production plants and infrastructure as it aims to increase output and supply customers in China. The company plans to sell 27 million new shares, or a 16.8 percent stake, an e- mail sent to fund managers on Jan. 4 said…………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14644 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031