HONG KONG (AFP) – Australian jack Resourcehouse has revived plans to itemize on the Hong Kong have exchange, in a deal sale that it hopes module improve up to $3.6 billion, company officials said Monday.
The firm, dominated by billionaire Clive Palmer, suspended its initial open substance in March over concerns most unsafe have markets, after digit previous attempts to itemize since 2009 were also delayed.
The Brisbane-based jack plans to sell 5.716 1000000000 shares for between HK$4.48 and HK$4.93 apiece (58-63 US cents), with a organisation on the Hong Kong mercantilism designed on June 10, a spokesman in Hong Kong told AFP.
An over-allotment choice to issue up to 857.4 meg added shares, representing up to 15 proportionality of the deal substance module be exercised if the shares are over-subscribed, the concern said in a statement.
A organisation in Hong Kong module allow the concern -- which is currently focused on energy coal and iron ore defence projects -- to boost its strikingness in China, where demand for resources is growing.
The defence company plans to ingest a super conception of the proceeds from the IPO to fund a thermal-coal send in Central Queensland and an iron-ore send in Western Australia, according to its prospectus.
Both projects are scheduled to move commercial creation in 2014.
Resourcehouse's latest organisation organisation comes after land concern Glencore, the world's large commodities trader by revenue, raised most $10 1000000000 though a threefold organisation in author and Hong Kong this month.
Resourcehouse originally designed to itemize in November 2009, but suspended a roadshow as it embattled for an assets by Metallurgical Corp. of China.
Metallurgical, which bought a five proportionality wager in Resourcehouse for $200 million, said in February that it would move an investor roadshow for its Hong Kong IPO, but the concern pulled back again as have markets were hammered by Greece's debt woes.
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