AICG’s Ulaanbaatar office to open in March

Mon, 8 Feb 2010 16:31:43

The American Independent Capital Group, Inc (AICG) and three other individuals have reached an agreement to open a branch office of AICG in Ulaanbaatar, expected to be operational in March. AICG is an international company that provides assistance to enterprises seeking capital funding for business projects. AICG and its partners believe that now is the “right time to enter into a market that is expected to be a hotbed of international investment in the near future”. 
AICG will own 51% of the new enterprise. The remaining 49% is owned by a Mongolian citizen, another Mongolian residing in the US, a Chinese citizen and ethnic Mongolian, and a Chinese citizen. AICG plans to utilize the cultural understanding, local knowledge, and language skills of its Mongolian partners to provide access to funds for companies doing business in Mongolia.

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