resourcehouse ipo june 9, page-34

Here a good bit of news for ResourceHouse, not. With the two Chinese corner stone investor it looks like under 10% is sold.

http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=111627&sid=32566984&con_type=1&d_str=20110601&fc=2

China cans giant gets green signal

Mandy Lo

Wednesday, June 01, 2011

Pacific Can, the largest two-piece aluminum can maker in China, has been given the listing committee green light to raise up to HK$1.17 billion in Hong Kong.

International placement starts next Tuesday, with retail books to open on June 10. Pacific Can's clients include Coca-Cola, Pepsi and Tsingtao.

In other news, Lee & Man Holdings (0746) plans to spin off its handbag unit through listing by introduction.

Lee & Man Handbags debuts on June 27 and will be traded at 2,000 shares per board lot. The company will not raise additional funds from the listing.

Lee & Man Handbags reported a revenue of HK$835.50 million last year, up 14.80 percent from 2009. It has a factory and two processing agents in Dongguan.

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Australian miner Resourcehouse saw its retail tranche 1.67 percent covered by margin financing orders, while Huaneng Renewable Energy's public offering was only 1.13 percent covered by margin orders, according to four brokerages.