ULAANBAATAR -- The Mongolian state company controlling one of the world's largest coal mines plans to raise up to $3 billion in a public stock offering in Hong Kong this year.
The listing of 30% of Erdenes Tavan Tolgoi, announced Thursday by Chief Executive Gankhuyag Battulga, will be good news for Hong Kong, which analysts have forecast will see a much lower volume of initial public offerings this year after beating all world markets in 2018.
