Asia 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...
read moreWhy 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 moreCENTRAL ASIAN CEMENT ANNOUNCES MAJOR EXPANSION PLANS
Central Asian Cement, a subsidiary of Asia Pacific Investment Partners, is pleased to announce that it has recently signed a contract with Chaoyang Heavy Machinery Company, a China based mining and cement facility construction company. The Company is being engaged to renovate CAC’s cement production facility. This marks the first phase of a significant expansion plan which will increase production capacity from 80,000 tons pa to a targeted 400,000 tons pa by mid-Summer 2012. CAC currently has the third largest cement production facility in Mongolia, based on annual capacity, and the only...
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