Mongolian property is coming to a stock market near you.
Asia Pacific Investment Partners, which describes itself as a “leading developer of Mongolian property” is seeking to list on London’s junior market Aim next month.
Lee Cashell, the CEO who is married to co-founder and president Tsendsuren Bordukh, said:
We have spent the last 15 years in the Mongolian market building what we believe is the country’s only vertically integrated property development company, and we believe the Group is now well positioned to capitalise on the strong growth opportunities of the Mongolian economy.
Our research driven model provides us the insights necessary to take advantage of future opportunities in frontier markets. This IPO will allow us to accelerate the Company’s growth momentum by providing additional funding for our real estate and other businesses.