Origo Partners PLC (OPP.LN), a private equity investment and consulting practice focused on China and India, Wednesday said it has formed a joint venture with Monnis International Co. Ltd., one of Mongolia’s largest industrial holding companies, to establish Resource Investment Capital Ltd.
-ResCap will provide corporate finance advisory services primarily to companies active in or seeking to enter the Mongolian natural resources sector.
-Headquartered in Ulaanbaatar, Mongolia, ResCap will seek to foster long-term, senior-level relationships with clients and position itself as an independent advisor on strategic transactions such as mergers, acquisitions, restructurings, capital raising solutions and other financial matters.
-ResCap will offer these services to both Mongolian and international enterprises focused on natural resources and related infrastructure projects.
-ResCap will begin trading this month subject to receiving appropriate regulatory approvals and will be chaired by Unenbat Jigjid, former Governor of the Bank of Mongolia.
-On a fully-diluted basis, Origo will own 35% of ResCap, with the balance being held by Monnis, private investors, and the Company’s management.
-Shares at 0715 GMT up 0.75 pence, or 2.7%, at 29 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; email@example.com