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MarketWatch reported that China Molybdenum Co.’s (HSE:3993) plan for a Shanghai IPO is currently under review by China’s securities regulator.
MarketWatch reported that China Molybdenum Co.’s (HSE:3993) plan for a Shanghai IPO is currently under review by China’s securities regulator.
As quoted in the market news:
Proceeds of the IPO, which could raise up to 3.65 billion yuan ($579 million), will help finance its molybdenum and tungsten projects in the expectation of increasing demand for stainless steel and construction steel in China.