Why And How To Invest In Real Estate
Real estate could be the best way to have an edge on the growth of the Mongolia economy. During my 12 days in Mongolia, this was a recurring theme. While I was there, Silk Road Management (a company that shares the same CEO as local brokerage Eurasia Capital) launched Ulan Bator’s first property index. Throughout my visit, members of all three real estate investment organizations below that I met with cited a 30-fold increase in Kazakhstan real estate prices prior to Kazakhstan’s bubble bursting in 2008. The two times I met private equity managers visiting Mongolia (both times,...
read more“Kumai Energy to seek…” Mergermarket, 1st Nov, by Ben Scent.
Kumai Energy, which is exploring for coal in Mongolia and Indonesia, will seek to raise AUD 7m in an initial public offering on the Australian Securities Exchange, a source familiar with the situation said. The company mandated CPS Securities to arrange the listing, the source said. It aims to hit the market in December, he added. Kumai Energy owns a 25% stake in the Nuurst Khotgor coal exploration project in Mongolia. It will earn a stake of up to 60% under an earn-in agreement with its joint venture partner, Asia Pacific Investment Partners. It has also signed an agreement to buy a 51%...
read moreWorking in Mongolia: Getting warmer
Mongolia is famous for many things, and being a hotspot of construction activity is not among them – but perhaps it should be. Thanks to a booming economy, the country is developing at a rate of knots. Building finds out why it’s well worth braving the cold Must be prepared to travel. If you want to find the best emerging property markets in the world, that is. And as you plan your itinerary on the global map, you can firmly put a pin on Mongolia. Yes, Mongolia. It may sound like a bit of a left field suggestion, but just a little investigation into Mongolia’s resources...
read moreAPIP Opens Pre-IPO Private Placement
Asia Pacific Investment Partners (APIP), a Mongolia-based investment company opened its pre-IPO private placement on 1 August, said CEO Lee Cashell. APIP is looking to raise USD 30m by offering a 16.7% stake to institutional and experienced investors and already has commitments of over USD 8.5m. The company is also expecting to raise around USD 15m from UK investors. “Market conditions are less than ideal for a fundraising. Nevertheless investors who understand the Mongolian story are keen to meet and dip their toe in,” Cashell added. APIP has a pre-money valuation of USD...
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