• Tue
  • Dec 23, 2014
  • Updated: 9:01am

CAA Resources

CAA joins ranks of market casualties

Iron ore from CAA Resources' Malaysian operation is of a lower grade. A process to upgrade the ore before shipping adds to costs. Photo: SCMP

CAA Resources, an iron ore miner in Malaysia controlled by a mainland businessman, has become the latest company to postpone its initial public offering in Hong Kong amid "adverse market conditions", two people with direct knowledge of the deal say.

Friday, 14 June, 2013, 3:24am

CAA faces hard sell for listing as ore prices slip

Iron ore from CAA Resources' Malaysian operation is of a lower grade. A process to upgrade the ore before shipping adds to costs. Photo: SCMP

CAA Resources, an iron ore miner in Malaysia controlled by mainland businessman Li Yang, aims to raise up to US$88.9 million through an international share offer and Hong Kong market listing this month.

13 Jun 2013 - 6:27am

Four firms set to begin roadshows

CAA Resources and Nexteer Automotive are among the firms seeking to list. Photo: Bloomberg

At least four companies kicked off their pre-marketing campaigns yesterday to raise a combined US$1.3 billion through initial public offerings in Hong Kong, banking on rising investor confidence on the back of the US economic recovery.

NW Hotel Investments, a spin-off of New World Development, is looking to raise about US$700 million.

11 Jun 2013 - 3:25am