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Coffeeshop Chit Chat - Why AssGX Can Only Attract Dubious Corps</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>makapa <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>2:11 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 1) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>30663.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Mongolia bank mulls listing in HK, S'pore
(Hong Kong)
MONGOLIA'S Golomt Bank is considering the Hong Kong and Singapore exchanges among others as it plans to go public as early as 2012, counting on interest from investors looking to capitalise on the country's rich natural resources, its chief executive John Finigan said.
'Hong Kong (for a listing) is considered attractive in value terms,' Mr Finigan said in an interview yesterday, adding that he would also consider Singapore, London and Tokyo. 'There are already two major mining entities from Mongolia very successfully listed on the Hong Kong stock exchange and trading at attractive multiples,' he said.
The bank was also close to securing a loan from a sovereign wealth fund from one of the Gulf Cooperation Council's six members that could later be converted to equity in the bank, Mr Finigan said. The GCC's sovereign wealth funds include the Abu Dhabi Investment Authority and Qatar Holdings.
'There is a major interest in Mongolia (from the Hong Kong capital market),' he said. 'We will be seeing further development in the very near future at a very high level.' Some institutional investors are already beginning to pay more attention to the country, with Singapore's Temasek Holdings saying this month it wanted to increase its exposure to mining in Mongolia. -- Reuters
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(Hong Kong)
MONGOLIA'S Golomt Bank is considering the Hong Kong and Singapore exchanges among others as it plans to go public as early as 2012, counting on interest from investors looking to capitalise on the country's rich natural resources, its chief executive John Finigan said.
'Hong Kong (for a listing) is considered attractive in value terms,' Mr Finigan said in an interview yesterday, adding that he would also consider Singapore, London and Tokyo. 'There are already two major mining entities from Mongolia very successfully listed on the Hong Kong stock exchange and trading at attractive multiples,' he said.
The bank was also close to securing a loan from a sovereign wealth fund from one of the Gulf Cooperation Council's six members that could later be converted to equity in the bank, Mr Finigan said. The GCC's sovereign wealth funds include the Abu Dhabi Investment Authority and Qatar Holdings.
'There is a major interest in Mongolia (from the Hong Kong capital market),' he said. 'We will be seeing further development in the very near future at a very high level.' Some institutional investors are already beginning to pay more attention to the country, with Singapore's Temasek Holdings saying this month it wanted to increase its exposure to mining in Mongolia. -- Reuters
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