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[Ferro-Alloys.com]China Molybdenum Co Ltd, the country's largest manufacturer of the soft metal widely used inindustry, has revealed plans to raise as much as 18 billion yuan ($2.8 billion) via a shareplacement.

CMOC shares rose 5.3 percent to close at HK$1.59 (20 cents) on Monday, following theshare placement announcement, as the benchmark Hang Seng Index dropped 0.22 percent.

Trading in its Shanghai shares was suspended pending an announcement.

• [Editor:Jiang Li Juan ]