BIZCHINA / Biz Media Digest |
Energy: Yunnan Copper to sell sharesBy Li Xiaowei (Shanghai Daily)Updated: 2007-02-05 14:31 Yunnan Copper Industry Co, China mainland's third-biggest copper producer by output, has won approval to sell as many as 500 million shares in a private placement. Yunnan Copper received approval from the China Securities Regulatory Commission, the Kunming, Yunnan-based company said in a filing to Shenzhen Stock Exchange. It didn't' say what the money from the share sale will be used for, Bloomberg News said. Shares in Yunnan Copper fell 5.4 percent to 12.79 yuan (US$1.65) last
Friday. They have risen 128 percent in the past year compared with an 88 percent
gain in the Shenzhen and Shanghai 300 Index, which tracks yuan-denominated A shares listed on the mainland's two
exchanges. (For more biz stories, please visit Industry Updates) |
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