(Bloomberg) -- Shares of Anhui Tongdu Copper Stock
Co. soared after China's third-biggest producer of the metal got
regulatory approval to sell as much as 2.49 billion yuan ($327
million) of shares to buy mines.
The China Securities Regulatory Commission has approved
Tongdu's plan to issue as many as 430 million yuan-denominated
shares to buy mines from parent Tongling Nonferrous Metal (Group)
Inc., the Anhui province-based copper producer said in a
statement to the Shenzhen Stock Exchange today.
Read more at Bloomberg Commodities News
Co. soared after China's third-biggest producer of the metal got
regulatory approval to sell as much as 2.49 billion yuan ($327
million) of shares to buy mines.
The China Securities Regulatory Commission has approved
Tongdu's plan to issue as many as 430 million yuan-denominated
shares to buy mines from parent Tongling Nonferrous Metal (Group)
Inc., the Anhui province-based copper producer said in a
statement to the Shenzhen Stock Exchange today.
Read more at Bloomberg Commodities News
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