Asia Pacific Investment Partners (APIP) has recently transferred two of its assets to Asia Pacific Properties, a company traded on the Mongolian Stock Exchange (MSE). Sudut JSC, a MSE-listed company, has changed its name to the aforementioned Asia Pacific Properties along with a change to the company's ticker from UHN to APP. Asia Pacific Properties will remain under the majority ownership of APIP.

At a stockholder's meeting, shareholders unanimously approved a 100 percent interest injection of the Rural Development Corporation LLC and the Oasis luxury residential development project into Asia Pacific Properties. Rural Development Corporation is a real estate development company focused on developing and commercializing residential and commercial real estate projects in second and third tier cities in Mongolia that are in close proximity to the mining boom towns in the Gobi Desert.

Rural Development current holds 13 properties in locations with high levels of excess demand for quality residential and commercial real estate assets and low levels of competition and land costs for construction. Currently valued at US 6 million, APIP transferred the company to Asian Pacific Properties hoping to build greater value for the asset.

The Oasis luxury residential development is currently in its final stages of planning, with construction planned for early spring, and pre-emptive sales are reportedly strong. The complex will be located near to Seoul Street and will comprise of 30 luxury residencies. The firm expects construction to finish in 2013 with profits of about USD 4 million to accrue to APP shareholders.

“With the solid asset base and profitable business being injected into APP, we expect to see a strong surge in [Asia Pacific Properties'] share price over the next 6 to 12 months. This will be further accentuated with the high earnings multiples on offer on the [MSE].”