Balloch helps Chinese firms tap overseas resources

By Huang Yuntao and Ken Wills

BEIJING (BestGrowthStock) – The Balloch Group (TBG), a China-based boutique investment bank, will offer financial advisory services for three Chinese state-owned enterprises’ overseas acquisitions this year, its president told Reuters.

Transaction amounts would range from $200 million to $1 billion and all will be resource deals, Howard Balloch, president of TBG, said in an interview.

“Coke in Africa, coal in Southeast Asia and uranium mines in Canada are the targets of these Chinese companies,” Balloch said without giving the firms’ names. “They want to become minor shareholders of companies they invest in.”

He said TBG will also form a joint venture private equity firm with a local government-backed Chinese company in the second half of this year, with an initial capital of 200 million yuan ($29.30 million) to 300 million yuan.

Balloch, who served as the Canadian Ambassador to China from 1996 to 2001, founded TBG in Beijing in 2001. The firm was ranked as the Top Boutique Investment Banking Firm in China in 2009 by investment research and consulting firm ChinaVenture.

Stock Today

(Writing by Michael Wei)

Balloch helps Chinese firms tap overseas resources