Arab Today, arab today australia\s resourcehouse in 36 bn hong kong ipo
Last Updated : GMT 03:20:45
Arab Today, arab today
Arab Today, arab today

Australia\'s Resourcehouse in $3.6 bn Hong Kong IPO

Arab Today, arab today

Arab Today, arab today Australia\'s Resourcehouse in $3.6 bn Hong Kong IPO

HONG KONG - AFP

Australian miner Resourcehouse has revived plans to list on the Hong Kong stock exchange, in a share sale that it hopes will raise up to $3.6 billion, company officials said Monday. The firm, controlled by billionaire Clive Palmer, postponed its initial public offering in March over concerns about shaky stock markets, after two previous attempts to list since 2009 were also delayed. The Brisbane-based miner plans to sell 5.716 billion shares for between HK$4.48 and HK$4.93 each (58-63 US cents), with a listing on the Hong Kong exchange planned on June 10, a spokesman in Hong Kong told AFP. An over-allotment option to issue up to 857.4 million additional shares, representing up to 15 percent of the share offer will be exercised if the shares are over-subscribed, the firm said in a statement. A listing in Hong Kong will allow the firm which is currently focused on thermal coal and iron ore mining projects to boost its profile in China, where demand for resources is growing. The mining company plans to use a large part of the proceeds from the IPO to fund a thermal-coal project in Central Queensland and an iron-ore project in Western Australia, according to its prospectus. Both projects are scheduled to start commercial production in 2014. Resourcehouse\'s latest listing plan comes after Swiss firm Glencore, the world\'s biggest commodities trader by revenue, raised about $10 billion though a dual listing in London and Hong Kong this month. Resourcehouse originally planned to list in November 2009, but postponed a roadshow as it prepared for an investment by Metallurgical Corp. of China. Metallurgical, which bought a five percent stake in Resourcehouse for $200 million, said in February that it would start an investor roadshow for its Hong Kong IPO, but the firm pulled back again as stock markets were hammered by Greece\'s debt woes.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s resourcehouse in 36 bn hong kong ipo Arab Today, arab today australia\s resourcehouse in 36 bn hong kong ipo

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday