News Releases
China Investment Corporation invests in SouthGobi Energy Resources Limited
October 26, 2009: China Investment Corporation£¬through its wholly-owned investment subsidiary Fullbloom 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 CIC in this transaction.