Brisbane-based Resourcehouse is seeking to raise around $3.6 billion in a Hong Kong IPO, The Wall Street Journal reports. The mining company aims to sell a minimum of 5.71 billion shares.
The sale proceeds will be used to fund a thermal-coal project and an iron-ore project in Australia. The offering is being sponsored by BOC International, while HSBC, Royal Bank of Scotland and UBS are the joint book-runners for the sale.
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