Tuesday, July 13, 2010

[cpsnewswire] [NEWS UPDATE] Mongolia's Energy Resources plans HK IPO

Mongolia's Energy Resources plans HK IPO -sources

HONG KONG, July 13 (Reuters) - Mongolian coking coal company Energy Resources LLC aims to raise between $800 million and $1 billion in a Hong Kong initial public offering by as early as September, three sources with knowledge of the matter told Reuters.

The offering would be sponsored by Citigroup (C.N: Quote) and JP Morgan (JPM.N: Quote), the sources said. All three sources declined to be named because they were not authorised to speak publicly about the matter.

Link to article


"Mogi" Munkhdul Badral

CPS International


Mobile: +976-99996779

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX stocks, feel free to contact me at or +976-9999-6779.

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