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Firm seeks IPO
By Richard Fu |
September 11, 2012, Tuesday
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Print Edition
Print Edition
CHINA Molybdenum Co, a leading maker of the minor metal used to harden steel, will launch an initial public offering in Shanghai of 3.65 billion yuan (US$576 million) to fund projects. It aims to issue up to 542 million yuan-denominated A shares, or 10 percent of enlarged share capital, according to a listing prospectus posted on the website of the Shanghai Stock Exchange yesterday. The company starts book building today to gauge investor demand and will decide the issue price on September 20. The Luoyang, Henan Province-based company is already listed in Hong Kong.
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