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Resourcehouse Plans $3.6B HK IPO
Resourcehouse is planning to raise $3.6 billion in a Hong Kong IPO.
Resourcehouseis planning to raise $3.6 billion in a Hong Kong IPO,The Wall Street Journalreports. The Australian mining company intends to sell 5.716 billion shares. The sale proceeds will be used to develop the China First Coal project and the China First Iron Ore project in Australia.
The IPO will be backed byBOC International.HSBC,Royal Bank of ScotlandandUBSare joint book-runners for the offering.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.