China Molybdenum’s corporate anthem needs an update. Its current theme — the sun rising over the hills of Luoyang — is now much less global than the company itself. Over the weekend, the Hong Kong and Shanghai-listed company, with a market value of $7.5bn, said that it had a deal to buy assets from Anglo American and Freeport-McMoRan for $4.2bn. Yesterday, the Hong Kong shares opened after a week’s suspension. They rose 8 per cent.
洛阳钼业(China Molybdenum,简称CMOC)的企业之歌需要更新一下了。现在这首歌颂旭日从洛阳群山间升起的主题歌,已经远远跟不上该公司本身的国际化程度了。上周,这家市值达75亿美元的沪港两地上市公司表示,已达成从英美资源集团(Anglo American)和自由港迈克墨伦(Freeport-McMoRan)收购资产的协议,总价42亿美元。昨日,洛阳钼业H股在停牌一周后复牌,股价收涨8%。
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