Coal in Focus as More IPOs Hit the Hong Kong Market

摘要

Coal producer Mongolian Mining seeks to raise up to 680 million dollars, while logistics provider Winsway Coking Coal aims for 574 million dollars, reports Anette Jonsson for Finance Asia on September 21, 2010. Investors interested in coal could take their pick when two companies focusing on coal mining in Mongolia kicked off their marketing to institutional investors. Both companies are looking to list in Hong Kong in the second week of October. The largest of the two is Mongolian Mining Corp (MMC), a coking coal producer with a large open-pit mine in the Tavan Tolgoi region, which ranks as the world's largest coking coal deposit. The company is aiming to raise between 4.53 billion HK dollars and 5.28 billion HK dollars, or as much as 780 million dollars if a 15% green shoe is also allocated in full.