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Sovereign Wealth Funds Briefing - Categorized | Market

SouthGobi raises $439 mln in HK IPO

Posted on 22 January 2010

From Reuters: Canada-listed coal miner SouthGobi Energy Resources Ltd priced its Hong Kong initial public offering at C$17.00 each, to raise about US$439 million. SouthGobi, which secured Asia’s top sovereign wealth funds, China Investment Corp (CIC) and Temasek as cornerstone investors, will start trading on Jan 29.

The company sold 27 million new shares, or about 16.8 percent of its enlarged share capital, at C$17.00 or HK$126 each……………………………….Full Article: Source


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