Shin Kong Wedbush invests in SouthGobi Energy Resources Limited
11/13/2009

Shin Kong Wedbush through its subsidiary Investment Corporation has entered into an agreement to invest US $500 million

Online PR News – 13-November-2009 – – Shin Kong Wedbush through its subsidiary Investment Corporation has entered into an agreement to invest US $500 million in a 30-year secured convertible debenture issued by SouthGobi Energy Resources Limited (“SouthGobi”). SouthGobi is a TSX Venture Exchange-listed coal mining and exploration company with main producing assets in Mongolia. The instrument is convertible to common equity of SouthGobi.

Citigroup Global Markets Asia Limited acted as financial advisor to Shin Kong Wedbush in this transaction.