By Hanny Wan
Nov. 13 (Bloomberg) -- The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses and share prices are as of the last close.
The Hang Seng Index declined 1 percent to 22,397.57. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, dropped 1 percent to 13,324.99.
China High Precision Automation Group Ltd. (591 HK): The maker of industrial equipment said it sold 250 million shares at HK$4 apiece, raising net proceeds of HK$919 million ($119 million) in an initial public offering in Hong Kong. Trading starts today.
Cnooc Ltd. (883 HK): China’s largest offshore oil producer said yesterday it has secured an oil production and storage ship in Bohai Bay after the vessel was shifted from its moorings by strong winds. Operations at the BZ25-1/BZ25-1South oilfield were shut on Nov. 10 as a safety precaution because of the bad weather, the company said. The stock dropped 1.9 percent to HK$12.42.
Henderson Land Development Co. (12 HK): The developer sold 24 apartments in its development in Hong Kong’s Mid-Levels to companies registered in the British Virgin Islands that all used the same law firm, the South China Morning Post reported, citing data from the city’s Land Registry. All 24 units were acquired by the same buyer, the newspaper quoted a person familiar with the transactions as saying. Henderson Land said one buyer purchased six of the apartments, including one which sold for a record HK$438.94 million, the Morning Post said.
The stock declined 2 percent to HK$55.40.
HSBC Holdings Plc (5 HK): The company will sell its London headquarters building to South Korea’s National Pension Service for 800 million pounds ($1.3 billion), the Maeil Business Newspaper reported yesterday, citing an unidentified official at the South Korean agency. HSBC, Europe’s biggest bank, fell 1.1 percent to HK$92.95.
Mingfa Group (International) Co. (846 HK): The developer sold 900 million shares at HK$2.39 each in a Hong Kong initial public offering, raising net proceeds of HK$2.02 billion, according to a statement. Trading begins today.
To contact the reporter on this story: Hanny Wan in Hong Kong at hwan3@bloomberg.net
Last Updated: November 12, 2009 20:36 EST
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