Gobi Coal Said to Seek Buyers as Stock Rout Hurts IPO Plan

Bloomberg reported that owners of Gobi Coal are interested in selling the company.

The market news is quoted as saying:

Gobi Coal, whose owners include Beijing-based private- equity firm Origo Partners Plc (OPP), has requested potential buyers submit initial bids by mid-October, said one of the people, who asked not to be identified because the sale process is private. The company is also pursuing the option of an initial public offering in Toronto, the people said.

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