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Print[Ferro-Alloys.com] Shares of China Molybdenum Co Ltd rose 5.1 percent on Wednesday as its Hong Kong-listed stock resumed trading after Australian regulators cleared its purchase of a majority stake in the Northparkes copper mine from Rio Tinto.
The shares are set to open at HK$3.07 ($0.40) per share, their highest opening since June 10, outpacing a 0.3 percent fall in the benchmark Hang Seng Index.
Australia's foreign investment board's approval of the purchase of a majority stake in Northparkes cleared a significant hurdle for the $820 million deal.
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