China Molybdenum Fails To Raise $95 Million

Reuters reported  China Molybdenum Co Ltd (HKG:3993) raised a much less-than-expected $95 million through a share offering in Shanghai.

As quoted in the market news:

China Molybdenum sold 200 million shares at 3 yuan apiece, it said in a filing to the Shanghai stock exchange late on Thursday.

It had said it was planning to raise 3.65 billion yuan by selling no more than 542 million shares to build new projects.