Asia Pacific Investment Partners Exceeds Target Fundraise By 50%
Asia Pacific Investment Partners (“APIP”), a Mongolia focused operating group primarily engaged in property development and cement production, today announced that it has closed its highly successful private placement offering at a pre-money valuation of US$140m. The Group received demand for 2,136,622 common shares at a price of HK$55 per share for aggregate gross proceeds of HK$117.5m (US$15.1m). This exceeds the target fundraise of US$10m by over 50%. The additional proceeds will enable APIP to stockpile a greater quantity of clinker – material used in the production of cement...
read moreWe are seeking enterprising, imaginative and resilient individuals. Our company offers unparalleled opportunities for professional and personal growth.
We are seeking enterprising, imaginative and resilient individuals. Our company offers unparalleled opportunities for professional and personal growth. We are currently seeking candidates for the following positions based in Ulaanbaatar. REAL STATE AGENT The Purpose of this role is to rent, buy or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Key responsibilities include: Advise clients on market...
read moreAsia Pacific Investment Partners starts sounding out banks for USD 150m Hong Kong IPO next year – sources
Asia Pacific Investment Partners (APIP), a Mongolia-focused conglomerate with operations ranging from cement to property, has started sounding out banks for a planned Hong Kong initial public offering, a source familiar with the situation said. APIP aims to raise about USD 150m from the sale in the second quarter of 2013, a second source familiar with the situation said. It plans to hire underwriters for the listing in May or June of this year and would welcome approaches now, the source added. The company is projecting USD 48m-50m EBITDA for 2013, according to the first source familiar....
read moreBooming Mongolia Mine, all mine
“GOIN’ to OT?” drawls Andy, a burly tattooed man with that worldly air common to those who have done time in the American army. The gate at Incheon airport in South Korea is packed with travellers, mainly Mongolian expatriates on their way home, waiting to board a flight to Ulaanbaatar. Andy’s is a fair guess as to the destination of one of the few other Western passengers. “OT”—Oyu Tolgoi, or “Turquoise Hill”—is in the middle of nowhere, a desolate spot in the Gobi desert, another hour-and-a-half’s flight south of Ulaanbaatar...
read moreA Mongolian IPO
Last Thursday I spoke about leveraging capitalism. I made the point, with a bit of help from Chris’s last post, “Leverage – Why Here? Why Now? that Mongolian real estate might be a good long-term speculation. Over the last several months we’ve gotten to know a few of Mongolia’s brightest entrepreneurs. Real estate has been a big focus for most of them. Without a doubt, one of the most successful has been Lee Cashell. You can read an extensive interview that I conducted with Lee in our special report onInvesting in Mongolia. If you don’t have it you can download it here. I also...
read moreAsia Pacific Properties JSC Commences Trading on the Mongolian Stock Exchange
Pursuant to a shareholder meeting convened on December 11, 2011; Sudut JSC, a company listed on the Mongolian Stock Exchange, has passed a shareholder resolution to change the company’s name to Asia Pacific Properties JSC. The company’s ticker has also been changed from UNH to APP. During the meeting the shareholders also unanimously approved the injection of a 100% interest in the Rural Development Corporation LLC (“RDC”) and the Oasis luxury residential development project into the newly named company, both of which were acquired from Asia Pacific Investment Partners...
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