this year, China's iron ore price has been dropped from a high of 11%, but the chief operating officer Clive Palmer Clive Palmer said that the engine power of emerging developing countries such as China, India, is still the future of the world economy , optimistic about the demand for iron ore, coal and other natural mineral resources in these countries.
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Previously, the European cosmetics company L'Oreal Group, has been explored to seek listing in Hong Kong, the U.S. luxury brand Coach and Samsonite luggage brand also plans in Hong Kong IPO.
This is also Resourcehouse the fourth to suspend or stop the plans listed in Hong Kong after Japan earthquake affecting the global market slump, the company has been postponed in March was raised $ 3 billion IPO plan.
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well-known Italian fashion brand Prada seems to ignore the recent soft market, according to a Bloomberg report, informed sources World Steel Pipe News , the Prada has plans to go to Hong Kong-listed its IPO price range at $ 36.5 to HK $ 48 per share, the market is expected to Financing for size between 20 billion to $ 2.6 billion.
It is reported that
, Resourcehouse originally planned to issue stock to raise a maximum of up to $ 3.6 billion of funds in the Hong Kong market, but because investors purchase flat, the company reduced the scale of financing to $ 2 World steel pipe network editing .54 billion, and ultimately to withdraw the entire IPO plans.
Italian luxury goods company Prada (Prada) has planned to go to Hong Kong-listed, the market is expected to scale fund-raising between $ 20 billion to 26 billion; private mining enterprises in Australia giant Resourcehouse four times to cancel the listing in Hong Kong plan.
the past few days, the weak U.S. economic data triggered a global investor pessimism on the future prospects for economic recovery, the global market has been a drag on Hong Kong's Hang Seng index is down more than 3 percent in early June, to be listed companies resulting in the wander uncertain before the Hong Kong IPO, as planned contrarian will postpone or avoid the period of poor market environment?
Analysts said the poor market environment the Resourcehouse itself profitable in poor condition is also an important reason to postpone the listing. Its prospectus, the company expects a net loss in fiscal 2011 is not more than 15.4 million Australian dollars, and the company's coal and iron ore production operations or in 2014-2015, are difficult to achieve profitability. Most of the fund-raising for Central Australia and Queensland, the development of a thermal coal project and to develop iron ore project in Western Australia, but the company has not yet commercial operation projects.
the Resourcehouse of Chief Financial Officer, Thailand, Raymond (Raymond Tam) said in a statement, the U.S. Dow Jones index, the S & P and NASDAQ three major stock indexes have 5 weeks down in a row since the 2008 financial The crisis fell last the longest time.
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Beijing last Saturday, the Australian mining enterprises giant Resourcehouse statement, the global stock market conditions continued to worsen, the company decided to slow down the pace of listing, and has withdrawn plans in Hong Kong IPO market.
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Australia mining enterprises four times to cancel the listing in Hong Kong
Resourcehouse in a statement denied any re-Hong Kong IPO timetable.
last year, the HKEx to amend the Listing Rules, to allow those who do not achieve net profit but with a combination of physical resources, mining companies listed. Russian mining company in October 2010 IRC Limited, the Hong Kong IPO fund-raising $ 240 million, to become the first foreign mining companies in the revised Listing Rules. Early 2010, MCC shares the Resourcehouse 200 million U.S. dollars worth of equity, and access to the Australia China First coal mine project (design, procurement and construction) general contracting management, as well as an annual output of 30 million tons of coal 4% of the sale of fixed commissions, interest.
Prada last Friday submitted to the Hong Kong Stock Exchange regulatory filing, fiscal year 2010 compared with fiscal 2009 net profit more than doubled, and the first half of fiscal 2011 net profit is expected to grow further. Most of the funds raised by the Hong Kong IPO transactions in the next 18 months to expand and rework its store, plan to open approximately 80 new self shops before January 2012, betting on sales from the emerging markets of China and Asia The demand will grow further.
the
market interpreted the Italian luxury brand to choose Hong Kong-listed Italian preference for its high quality capital market liquidity, as well as a strong Asian market potential for sales growth, while the main battlefield as a high-end luxury consumption in Asia, Hong Kong investors for luxury recognition of the extent of the company is relatively high.