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Hong Kong-listed firm to buy Mongolian coal mines
Hong Kong-listed Kiu Hung Energy Holdings will be buying three mines in a western province of Mongolia from First Dean Holdings on payment of between HKD1 billion and HKD1.4 billion in cash or by issuing bonds or notes.
Hong Kong-listed Kiu Hung Energy Holdings will be buying three mines in a western province of Mongolia from First Dean Holdings on payment of between HKD1 billion and HKD1.4 billion in cash or by issuing bonds or notes. The three mines hold together coal reserves of around 360 million tons.
