Fox News / Dow Jones Newswires: Mongolia Tavan Tolgoi still Aiming for up to US$3 Billion Hong Kong, Ulan Bator, UK Listing

The Mongolian government’s multiple listing of state-owned Erdenes-Tavan Tolgoi Co. valued at up to US$3 billion may be delayed until September or October because the company is still seeking dispensation to list in Hong Kong, a Mongolian government official said Thursday. The company plans to list simultaneously in Ulan Bator and London, too, as it seeks to raise at least US$1.5 billion from the sale and possibly as much as US$3 billion. It is still “very keen,” however, to list by June, when Mongolia has parliamentary elections, the official said. To read the full article, click hereMongolia Tavan Tolgoi still Aiming for up to US$3 Billion Hong Kong, Ulan Bator, UK Listing

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