Shandong Molong soars 27% in Hong Kong trading after establishing petroleum technology subsidiary
Shandong Molong soars 27% in Hong Kong trading after establishing petroleum technology subsidiary
HK Stock Market Update
Shandong Molong Petroleum Machinery (568.HK) soared 27% in Hong Kong trading to HK$6.95. The company recently established Shandong Molong Petroleum Technology Co., Ltd., with a registered capital of 10 million yuan. The new subsidiary will focus on offshore oil and natural gas extraction, among other activities.
