Australia's Resourcehouse makes 4th listing attempt in HK- IFR Sat May 7, 2011 1:58am GMT Print | Single Page[-] Text [+] HONG KONG May 7 (Reuters) - Australian mining firm Resourcehouse has kicked off pre-marketing for its Hong Kong initial public offering to raise up to $3 billion and is expected to launch a roadshow on May 17, IFR reported on Friday. The company, majority owned by Australian mining magnate Clive Palmer, is making its fourth listing attempt. It plans to sell 49.9 percent of its shares.
The coal and iron ore miner postponed plans to float in Hong Kong in November 2009 as documentation of a coal project, jointly being developed with Metallurgical Corp of China, took more time than expected. [ID:nTOE6AI05P]
In February, the company premarketed the deal with the help of BOC International and JP Morgan , but the transaction was ultimately postponed. [ID:nTOE72A03M]
BOC International, HSBC , RBS and UBS are the joint global co-ordinators and joint bookrunners this time. (Reporting by Nishant Kumar, editing by Miral Fahmy)
ARH Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
