Shandong Zulieferer +8%

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skunk.works: Shandong Zulieferer +8%

12.09.07 06:52

Shares of Shandong Molong Petroleum Machinery Co Ltd (0568.HK: Quote, Profile , Research) rose 8.87 percent to HK$2.21 after the company said it planned to issue up to 700 million A-shares in China, raising capital to fund its special petroleum pipes reconstruction project. The A-share issue could be worth about HK$1.42 billion (US$182 million) based on Tuesday's closing price of HK$2.03 per share as calculated by Reuters.

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Wertpapier: Shandong Molong Petrole

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