Trucks parked at the Tavan Tolgoi coal mine in the southern Gobi Desert on June 26, 2016. Photo: Agence France-Presse

Mongolian coal giant Tavan Tolgoi plans to sell US$1 billion of shares in Hong Kong, vindicating city’s push to attract foreign IPOs

  • Tavan Tolgoi has hired an adviser to oversee preparations for the share sale, including the underwriter selection process, according to people familiar with the matter
  • The company has been interviewing banks seeking a role on the IPO, targeted for 2020
Topic |   IPO

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Trucks parked at the Tavan Tolgoi coal mine in the southern Gobi Desert on June 26, 2016. Photo: Agence France-Presse
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