Investment group: Mongolia “remarkably unaffected” by European debt crisis
In his monthly letter to shareholders, the head of the Canadian investment group Mongolia Growth Group (MGG) says Mongolia “seems remarkably unaffected by the debt crisis in Europe.”
In the letter, MGG Chairman and CEO Harris Kupperman writes, “In drastic contrast to the fear that I"ve witnessed in the Western World, Mongolia is doing just fine.”
Kupperman says MGG recently raised CDN 15 million (USD 14.8 million), which will be used to purchase “several larger assets.” “I am hopeful that we can close on a number of these in the first quarter of 2012,” writes Kupperman. Kupperman also says MGG recently donated more than 200 textbooks to schools in the ger districts of Ulaanbaatar. “As long term investors in Mongolia,” he writes, “we see education as a primary way to facilitate continued economic growth and ensure that everyone participates in this growth.”
Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated below.
Source : News.mn
In the letter, MGG Chairman and CEO Harris Kupperman writes, “In drastic contrast to the fear that I"ve witnessed in the Western World, Mongolia is doing just fine.”
Kupperman says MGG recently raised CDN 15 million (USD 14.8 million), which will be used to purchase “several larger assets.” “I am hopeful that we can close on a number of these in the first quarter of 2012,” writes Kupperman. Kupperman also says MGG recently donated more than 200 textbooks to schools in the ger districts of Ulaanbaatar. “As long term investors in Mongolia,” he writes, “we see education as a primary way to facilitate continued economic growth and ensure that everyone participates in this growth.”
Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated below.
Source : News.mn
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