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.
BYD Co. (1211 HK): The Chinese carmaker part-owned by billionaire Warren Buffett’s Berkshire Hathaway Inc. said its earnings and operations won’t be affected after China’s land ministry said seven of its factories will be confiscated. The stock slid 0.7 percent to HK$56.50.
China Citic Bank Corp. (998 HK): The bank said its planned rights offer was approved by the Ministry of Finance. The stock gained 1.5 percent to HK$5.30.
China Healthcare Holdings Ltd. (673 HK): The provider of healthcare services in China said it plans to acquire an investment company for HK$3.36 billion, paid for by HK$44 million in cash and HK$3.316 billion in convertible notes. The company has applied to resume trading of its shares, suspended since Aug. 20, according to the statement.
Huaneng Power International Inc. (902 HK): The power producer said domestic power generation jumped 32 percent in the first three quarters of the year from the same period in 2009. Huaneng gained 0.8 percent to HK$4.88.
Mongolian Mining Corp. (975 HK): Mongolia’s biggest coking coal exporter said its controlling stockholder MCS Mining Group Ltd. pledged 359.7 million of its 1.52 billion shares in the company to Standard Bank Asia Ltd. as security for a loan. Mongolian Mining advanced 4.7 percent on its first trading day in Hong Kong from its initial offering price of HK$7.02.
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