Mongolia Investment Group Limited (MIG), through its subsidiary Jichang Investments Limited (JIL), has acquired all the issued shares of Sinbo Investment Limited (SIN) involving the issue of convertible notes and placing of new shares for a US$193.4 million consideration.
MIG provides maintenance and construction work in civil engineering water work, road work and drainage and slope upgrading in Hong Kong, water supply service in PRC and mining and exploration of mineral resource in Mongolia.
SIN offers aerial photography, aviation and aerospace remote sensing image data processing, and geographic information system (GIS) software and solutions.
Oaklins' team in Hong Kong acted in a limited capacity as regulatory advisor and has been involved in preparing and clearing the required regulatory announcements and communication to shareholders.
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