China Molybdenum shares open up

  • Friday, August 2, 2013
  • Source:

  • Keywords:China Molybdenum Hong Kong-listed stock purchase
[Fellow]
[Ferro-Alloys.com] Shares of China Molybdenum Co Ltd rose 5.1 percent on Wednesday as its Hong Kong-listed stock resumed trading after Australian regulators cleared its purchase of a majority stake in the Northparkes copper mine from Rio Tinto.
 
The shares are set to open at HK$3.07 ($0.40) per share, their highest opening since June 10, outpacing a 0.3 percent fall in the benchmark Hang Seng Index.
 
Australia's foreign investment board's approval of the purchase of a majority stake in Northparkes cleared a significant hurdle for the $820 million deal.
 
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:editor]

Related News

·Tungsten Chemical Joint Venture08-01
·HC Starck And Nui Phao Team Up For Tungsten Jv07-31
·Japan's Imports of Magnesium Slumped in June of 201307-31
·FeTi Prices Decrease07-31
·Moly oxide price holds; Western FeMo firms07-31

Tell Us What You Think

please login!   login   register

  • Buy & Sell

 
Please be logged in to comment!