The mysterious mine Lord Li: the first mainland tycoon built by Fang
Source: Internet
Author: User
KeywordsInvestments minerals funds
After fading out of Goldman Sachs Gao, Fang Li, the first tycoon to build, is about to debut in the capital markets. The billionaire, who was wrongly regarded as "Bruce Lee", is the fifth richest man in the "2008 Hurun Rich List", and will become a veritable mineral-rich rookie. Foreign sources said yesterday that the Hong Kong Dragon-Ming investment holding company, which is owned by Hopu and Temasek, is planning to restart its IPO in Hong Kong in the fourth quarter of this year, raising the maximum of $1 billion trillion, according to the source. Yesterday, Hopu Fund senior to CBN reporters confirmed that Longming will be in the end of this year in Hong Kong IPO, and is expected to become the private enterprises in the IPO financing the largest companies. Longming is an international mining company which takes the development and construction of mineral resources as the basic industry direction and carries out resource exploration, development, production, trade and other operating activities. Its actual control was Li, an early investment in Mongolia. The project has an iron ore content of 304 million metric tons and mining rights up to 2037. Years later, the Iron mine became the Li to the Hurun Rich list. Public reports show that the project is located in Eruugol, the main iron ore-producing region of Mongolia. Longming holds a 53% per cent stake in the iron ore project, while the remaining 47% is owned by the Mongolian company Dornyngobi. In April 2008, Fang's Hopu fund, the United Temasek, bought Longming three-year convertible bonds for 300 million dollars. Longming, who planned to list in Hong Kong last year, was forced to postpone the financial crisis. This year, the gradually warmer capital markets are once again giving the company an opportunity to finance the much-needed financing, and HOPU will also take the safe exit. Fang was very attached to the project. Hopu Fund senior told the CBN reporter yesterday, there have been many state-owned enterprises to Mongolia to invest in mineral resources, but very few success, and Longming investment in the iron ore project prospects are very good, at the same time the project is also in line with China's industrial policy. This is a good explanation of the Hopu fund in the entire year after its establishment, in addition to the investment in Longming 200 million U.S. dollars, Fang, the basic reason for the stay. Thanks to Fang's "Love", Li found a shortcut to the road to riches. But Li is an unusually low-key person. Perhaps because of this low-key, the Hurun list has made its name "Bruce Lee." "He is extremely mysterious and low-key, and according to our further research, the name is likely to be Li," said Li Ming, a research researcher at the Hurun Research Institute. "Investment Longming of Hopu Fund senior to CBN reporter confirmed yesterday, Longming actual control person is indeed Li, not Bruce Lee." Heilongjiang "Huocheng Evening News" This May, a report showed that Li's hometown is Qiqihar. May 17 this year, Longming and Qiqihar rail transport Equipment company officially signed the export of Mongolia 2000, the total amount of 740 million yuan of ore car project. In fact, in the June 2007 before he climbed above the storm, Longming had been claritypart from the US private equity firmNers received 20 million dollars in investment, and in October the same year to the institutional investors, including Credit Suisse, sold a group of convertible bonds, 110 million U.S. dollars. The low-key Li are representatives of wealthy people who invest in mineral resources and aspire to success. At present, a large number of people in the country have invested in mineral resources, but not everyone can succeed. In any case, at present, the government is very encouraging private capital to invest in strategic resources overseas. This year, a large number of large-scale state-owned enterprises to Australia, Canada, South America, Africa and other regions to invest in mineral resources, there are some obscure private enterprises to become a member of the team. Because these private enterprises have weak financial strength, many have opted for joint private capital investment. Mongolia is famous for its rich resources. Yang Bing, head of China's steel Resources Service network, told CBN reporters that the Chinese began investing in Mongolia in 2000. He said: "The Mongolian iron ore usually first transported to Ulan Bator, and then to Erenhot, then can go north-east, south of Hebei area." "North-east and Hebei are both steel-producing areas in China and the main area for iron ore demand." Yang Bing told reporters that China plans to build a Sino-Mongolian railway, the railway directly to the Mongolian mining area, when the Mongolian iron ore, coal can go straight south to Ningxia, Gansu region, where the future will become the largest heavy industry and energy zone in western China. Li will therefore become one of the winners of China's overseas mineral resources investment wave. He has a net worth of 5 billion yuan in the "2008 Hurun Rich List". Li Ming said that the net worth is according to Longming in Hong Kong may finance 7 billion ~80 billion yuan to calculate.
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