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.
Automakers: China’s passenger-car sales to dealerships quickened in September. Wholesale deliveries of passenger cars rose 19.3 percent to 1.21 million, accelerating from 18.7 percent in August, the China Association of Automobile Manufacturers said in an e-mailed statement yesterday.
SAIC Motor Corp. (600104 CH), China’s largest carmaker, surged the maximum 10 percent to 18.95 yuan. FAW Car Co. (000800 CH), which makes passenger cars in China with Volkswagen AG, gained 5.1 percent to 20.80 yuan.
Agricultural Bank of China Ltd. (601288 CH): The nation’s third-largest by assets said 5 billion of its shares will become tradable on Oct. 15. The stocks slid 0.7 percent to 2.68 yuan.
Beijing Yanjing Brewery Co. (000729 CH): China’s third- biggest brewer plans to sell 1.13 billion yuan ($169.3 million) of convertible bonds. The shares declined 2.1 percent to 21.45 yuan.
Changsha Zoomlion Heavy Industry Science & Technology Development Co. (000157 CH): China’s second-biggest maker of concrete-handling machinery said its nine-month net income increased as much as 90 percent to as high as 3.19 billion yuan on higher demand for its products. The stock jumped 7.9 percent to 12.43 yuan.
China CNR Corp. (601299 CH): The maker of rail and subway cars said its units won contracts equal to 12.8 percent of 2009 sales, including a 2.7 billion yuan train order for its Changchun arm and a 760 million yuan order for its Tangshan unit. The stock fell 1.1 percent to 5.39 yuan.
China Construction Bank Corp. (601939 CH): The country’s second-largest bank said its controlling shareholder, Central Huijin Investment Co., bought 16.1 million Shanghai shares in the lender on or before Oct. 8. The stock slipped 0.2 percent to 4.75 yuan.
China CSSC Holdings Ltd. (600150 CH): The unit of the nation’s biggest shipbuilder said Citic Group sold 9.4 million shares in China CSSC, a 1.417 percent stake, cutting it holding to 4.62 percent. The stock lost 1.7 percent to 61.18 yuan.
China Merchants Bank Co. (600036 CH): The bank said its net profit for the nine months ended Sept. 30 increased more than 50 percent from a year earlier based on its preliminary estimates. Its stock dropped 0.4 percent to 13.84 yuan.
China Minsheng Banking Corp. (600016 CH): The nation’s first privately owned bank said it received approval from the China Banking Regulatory Commission to open the Ziyang Minsheng Rural Bank and the Wuhan Jiangxia Rural Bank. The stock fell 0.6 percent to 5.30 yuan.
China State Construction Engineering Corp. (601668 CH): The nation’s largest housing contractor Corp. said new building contracts in the first nine months of the year increased 64 percent to 406 billion yuan, with real estate sales up 20 percent to 44.5 billion yuan. The shares were unchanged at 3.57 yuan.
Cosco Shipping Co. (600428 CH): The unit of China’s biggest shipping company said nine-month profit jumped 14 fold to 236.5 million yuan. The stock added 2.6 percent to 8.60 yuan.
CSG Holding Co. (000012 CH): The glass maker said it has won approval from the China Securities Regulatory Commission to sell 2 billion yuan of corporate bonds. The stock dropped 1.5 percent to 16.75 yuan.
Henan Shenhuo Coal & Power Co. (000933 CH): The company said its third-quarter net income may have risen between 30 percent and 50 percent from a year earlier to between 240 million yuan and 277 million yuan. The stock advanced 8.3 percent to 26.30 yuan.
Huludao Zinc Industry Co. (000751 CH): China’s second- largest zinc producer said it probably posted a net loss of 165 million yuan for the third quarter, compared with a net income of 54.8 million yuan a year ago. The stock jumped the 10 percent daily limit to 11.35 yuan.
Hunan Valin Steel Co. (000932 CH): The steelmaker said it has won approval from the China Securities Regulatory Commission to issue up to 550 million shares in a private placement. The stock added 2.6 percent to 4.40 yuan on Oct. 11 before trading was suspended.
Shenergy Co. (600642 CH): The power producer said it plans to raise as much as 2.2 billion yuan by selling as many as 350 million additional shares on Oct. 15. The stock gained 2.8 percent to 9.41 yuan.
Shenyang Chemical Industry Co. (000698 CH): The company said third-quarter net income probably rose between 116 percent and 154 percent from a year earlier. The shares rose 2 percent to 10.06 yuan.
Southwest Securities Co. (600369 CH): The company said it will increase investment in its private equity unit by 200 million yuan. The shares fell 1 percent to 13.49 yuan.
Youngor Group Co. (600177 CH): The company will buy 39.3 million shares, or a 3.81 percent stake, in XCMG Construction Machinery Co. (000425 CH) at 30.50 yuan each in a private placement. Youngor rose 1.2 percent to 12.29 yuan. XCMG Construction added 4.5 percent to 42.30 yuan.
To contact the editor responsible for this story: Reinie Booysen at firstname.lastname@example.org