The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.
Citic Securities Co. (600030 CH): China’s biggest listed brokerage said it is offering to sell its 53 percent stake in China Securities Co. for 8.59 billion yuan ($1.26 billion) on the Beijing Financial Assets Exchange. The shares fell 6.4 percent to 12.01 yuan.
Daqin Railway Co. (601006 CH): The company said it received China Securities Regulatory Commission approval to sell as much as 2 billion yuan worth of shares to raise no more than 16.5 billion yuan. Proceeds will be used to acquire assets of Taiyuan railway bureau. Shares declined 2.6 percent to 8 yuan.
Datong Coal Industry Co. (601001 CH): China’s third-largest coal company by capacity denied a report by the Beijing Business Today newspaper that it paid higher than market prices to buy a mine from its parent company. The shares slid 5.7 percent to 29.11 yuan.
Sany Heavy Industry Co. (600031 CH): The company said its parent will increase its holding of the listed unit in the next six months if prices don’t exceed 20 yuan apiece. The parent bought 0.0864 percent of shares of the listed unit at 17.93 yuan yesterday, raising its holding to 56.3 percent from 56.2 percent. The stock fell 4.7 percent to 17.91 yuan.
Shanghai Aerospace Automobile Electromechanical Co. (600151 CH): The company said it plans to raise as much as 1.39 billion yuan in a rights offer. The stock tumbled 9 percent to 9.37 yuan.
Shenzhen Overseas Chinese Town Holdings Co. (000069 CH): The company said an accident on one of its unit’s amusement rides yesterday killed six and injured 10 in the southern Chinese city of Shenzhen. The stock dropped 6.9 percent to 12.20 yuan.
Xinyu Iron & Steel Co. (600782 CH): The steelmaker said first-half profit may rise more than 500 percent from a year ago after a new steel-sheet plant reached full capacity. Earnings per share may exceed 0.18 yuan during the period, it said. Shares fell 6.4 percent to 5.11 yuan.
Yunnan Baiyao Group Co. (000538 CH): The manufacturer of traditional Chinese medicines said it expects first-half net income to rise 50 to 70 percent to between 399.5 million yuan and 452.7 million yuan. The stock fell 2.9 percent to 61.20 yuan.
Yunnan Copper Industry Co. (000878 CH): The smelter will close a copper furnace for maintenance from July 1 to April 1, reducing copper and sulphuric acid output, according to a company statement. The company’s production this year will still match its plan, it said. The stock declined 7.1 percent to 18.99 yuan.