HONG KONG, October 22, 2010 – International law firm Milbank, Tweed, Hadley & McCloy LLP advised Mongolian Mining Corp., the country’s biggest coking coal producer, on its approximately US$650 million initial public offering in Hong Kong. The IPO is the first listing by a Mongolian owned company in Hong Kong and one of the biggest IPOs in Hong Kong this year. Citigroup and JP Morgan Chase were the underwriters.
“Mongolia has made tremendous progress in improving its infrastructure to effectively exploit its enormous natural resources in coal, copper, iron and other natural resources,” said Anthony Root, head of Milbank's Asia corporate practice, who led the Milbank team. Mr. Root added: “The recent spate of IPOs reflects the fact that Hong Kong is becoming an increasingly global public listing venue as the world's wealth shifts from West to East.”
The Milbank team included Beijing-based partner Ed Sun, senior associate Andrew M. Yang and associate Benjamin Wang in Hong Kong.
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Milbank, Tweed, Hadley & McCloy LLP is a leading global law firm that for more than 140 years has provided innovative legal solutions in many of the world’s largest, most complex and innovative transactions. Our transactional expertise includes Acquisition Finance, Capital Markets, Corporate Finance, Project Finance and other major fields of law practice. Headquartered in New York, Milbank has 11 offices worldwide, including Beijing, Hong Kong, Singapore and Tokyo.
Contact
Anthony Root
Head of Asia Corporate Practice
Milbank
T: +852-2971-48842 or
T: +8610-5969-2777
aroot@milbank.com