Liongold

Liongold: In its latest update, Liongold has inked out an agreement with Infiniti Asset Management and Suzhou Power Capital to co-partner with natural resources and energy focused IPR Fund. The arrangement aims to bring together the expertise of each co-partner to form an attractive portfolio of assets within the Fund’s investment strategy, and each co-partner will provide advisory services in relation to the Fund’s investment activities. In turn, co-partners will receive fees in the form of carried interest. The Fund has an investment objective of achieving attractive medium to long-term capital appreciation through direct investments in natural resources (mining) with synchronised infrastructure (including energy and power) investments in commodity-based sectors globally. Liongold notes that its co-partnership in the Fund will serve as a platform for the Group to develop its acquisitive strategy, giving the group access to a wider deal flow while strengthening its network of financing and equity partners to implement the acquisitive portion of its growth strategy Recall that Liongold alongside Asiasons Capital and Blumont were the trio of penny stocks that collapsed in October, followed by probes from MAS and SGX. Liongold and Asiasons have since been dropped off from the MSCI Global Small Cap Index on 26th Nov’13, as part of MSCI’s semi-annual rebalancing.