The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.
Alibaba.com Ltd. (1688 HK): The Chinese e-commerce company for small businesses agreed to buy Vendio Services Inc., a U.S. e-commerce company. Terms of the deal for closely-held Vendio, expected to close next month, weren’t disclosed. Mike Effle, chief operating officer of San Mateo, California-based Vendio, will become chief executive officer of the business, Alibaba said. Alibaba gained 1 percent to HK$16.30.
L’Occitane International SA (973) : The first French company to hold an initial public offering in Hong Kong said profit in the fiscal year ended March 31 rose 40 percent to 81.6 million euros ($100.5 million). The stock was unchanged at HK$17.08.
Zijin Mining Group Co. (2899) : China’s largest gold producer canceled its A$545 million ($472 million) purchase of Indophil Resources NL after a Philippine province where the Australian company operates banned open-pit mining. Zijin said it abandoned the agreement due to “uncertainties” over the deal, without elaborating. The stock fell 1.7 percent to HK$5.96.
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