10
Aug
09:37
China's MGL debuts at Shenzhen with soaring stock price
Chinese cathode material company MGL New Materials’ stock price surged about 37 times during its debut at Shenzhen Stock Exchange, Kallanish reports.
The company’s shares were issued at CNY 5.32 ($0.74) each, but soared 3,700% to CNY 202.15/share during the day. The stock closed the initial trading day at CNY 98.02, an increase of 1,742%. MGL reached a market value of CNY 45.05 billion.
According to Shanghai-based Wind, MGL hit the highest level…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous