Origo seeks $80m to fund expansion

Origo Partners, an Aim-listed private equity company focused on China, hopes to raise up to $80m (£50m) to expand in Mongolia.

The group is to raise the capital through convertible preference shares, "in order to take advantage of new identified investment opportunities". The placing is expected to close on Valentine's Day. Origo head Chris Rynning said: "The placing will strengthen our balance sheet, broaden our shareholder base and enable us to accelerate our strategy of investing in new and existing opportunities in China and Mongolia."