Reuters: Mongolia coal mine drops HK from IPO for now-sources

Erdenes Tavan Tolgoi, the state-owned entity charged with developing the giant Tavan Tolgoi coal mine in Mongolia, has decided to drop for now Hong Kong as a venue for its up to $3 billion initial public offering, three sources with direct knowledge of the plans told Reuters on Friday. The company will seek an IPO in London and in Mongolia’s capital of Ulan Bator, added the sources who could not speak publicly on the matter. The London listing would take place through global depositary receipts because of the speedier approval process, two sources said. To read the full article, click hereMongolia coal mine drops HK from IPO for now-sources

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.