CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
Mongolian Mining raises $650 mln in HK IPO -source
Oct 5 (Reuters) - Mongolian Mining Corp, Mongolia's largest privately held domestic producer and exporter of coking coal, raised $650 million by pricing its Hong Kong initial public offering at the middle of the indicative range, a source familiar with the deal said on Tuesday.
Mongolian Mining , whose Ukhaa Ukudag (UHG) mine is rougly 245 km from Mongolia's border with China, sold 719 million shares at HK$7.02 each, the middle of the range of HK$6.48 to HK$7.56 each, the source said.
The source was directly involved with the deal but not authorised to speak publicly on the matter.
Mongolian Mining's trading debut is set for Oct. 13.
JP Morgan (JPM.N) and Citigroup (C.N) are handling the IPO.
---
"Mogi" Munkhdul Badral
Executive Director
CPS International
Email: mogi@cpsinternational.mn
Mobile: +976-99996779
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
No comments:
Post a Comment