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Sovereign Wealth Funds Briefing - Categorized | Market

Mongolian Mining seeks to raise $680 mln in IPO

Posted on 20 September 2010

From Bloomberg: Mongolian Mining Corp. and its shareholders will raise as much as HK$5.28 billion ($680 million) in a Hong Kong initial public offering to fund rising production and build a railway line to transport coal.
SouthGobi Resources Ltd., the Canada-listed company backed by China’s sovereign wealth fund, trades at 11.2 times consensus forecasts for 2012 profit, JPMorgan said in its research report……………………………………….Full Article: Source


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