Mongolian coal miner Ikh Gobi seeks pre IPO investment - 25572: "Reuters reported that privately owned Mongolian coal miner Ikh Gobi Energy LLC is seeking investment of USD 100 million to USD 200 million this year ahead of a planned Hong Kong initial public offering in 2013.
Ms Enkhtsetseg Chuluunbat CEO of Ikh Gobi Energy said "We started to look for investment just two months ago. We are open for discussion and it would be either debt or equity, adding that the money would be used for the company working capital.”
She added that IKH Gobi also planned to tap the Hong Kong IPO market to raise funds for development and would hire investment banks at the end of this year."
'via Blog this'
