---
title: "Shandong Molong soars 27% in Hong Kong trading after establishing petroleum technology subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289007162.md"
description: "Shandong Molong soared 27% in Hong Kong trading to HK$6.95 after establishing a petroleum technology subsidiary."
datetime: "2026-06-08T05:51:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289007162.md)
  - [en](https://longbridge.com/en/news/289007162.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289007162.md)
generator: "portal-rs"
---

# Shandong Molong soars 27% in Hong Kong trading after establishing petroleum technology subsidiary

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.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**