Deals
Resourcehouse IPO Pulled for Fourth Time as Investors Balk
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Resourcehouse Ltd., the iron ore and coal company controlled by Australian billionaire Clive Palmer, pulled its planned initial public offering in Hong Kong for a fourth time, citing negative market conditions.
“The board of the company has decided not to proceed with the proposed global offering at this time given global market conditions and the fact that they continued to decline during and after the company’s international roadshow,” the company said in a statement posted on its website late yesterday.