The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
Fubon Financial Holding Co. (2881 TT): The company’s unit, Fubon Life Insurance Co., will buy $30 million of shares in Chongqing Rural Commercial Bank Co.’s initial public offering, according to a prospectus for the sale. Fubon Financial, the second-largest financial company in Taiwan, gained 0.1 percent to NT$38.10.
Glomac Bhd. (GLMC MK): The Malaysian property developer said profit in the second quarter ended Oct. 31 surged 71 percent from a year earlier to 15.9 million ringgit ($5.1 million) as sales gained. Glomac rose 3 percent to 1.70 ringgit.
IJM Corp. (IJM MK): The Malaysian construction group said its joint venture with Jaks Resources Bhd. (JAK MK) won a 268.5 million ringgit contract to build water pipelines for the Pahang-Selangor Raw Water Transfer Project. IJM gained 5.7 percent to 6.13 ringgit and Jaks climbed 3.7 percent to 70 sen.
Lite-On Technology Corp. (2301 TT): The Taiwanese maker of computer components and peripheral equipment plans to build a 10 megawatt solar power plant in Italy through its Lite-On Green Technologies SRL unit, the Taipei-based company said in an exchange filing. Further details weren’t provided. Lite-On rose 1 percent to NT$41.20.
LS Industrial Systems Co. (010120 KS): The South Korean supplier of power-transmission components agreed to supply electric car parts to Daimler AG’s Mercedes-Benz and Renault SA, the Maeil Business Newspaper reported, citing an unidentified senior official at the South Korean company. LS Industrial was unchanged at 82,300 won.
PT Telekomunikasi Indonesia (TLKM IJ): The country’s biggest telephone company will pay an interim dividend of 26.75 rupiah per share, or a total of 526.16 billion rupiah ($58.4 million), on Jan. 11, it said in a statement posted on the Indonesia stock exchange. Telkom, as the company is also known, rose 1.2 percent to 8,250 rupiah.
Qantas Airways Ltd. (QAN AU): Australia’s largest airline has begun talks with Rolls-Royce Group Plc to recoup financial losses from the grounding of its Airbus SAS A380 fleet after an engine malfunction last month, the carrier said, adding it may sue if a settlement can’t be reached. Qantas advanced 1.2 percent to A$2.64.
Samsung Electronics Co. (005930 KS): Samsung Group may announce a top management reshuffle as early as today, the Korea Economic Daily reported, citing an unidentified group official. Samsung Electronics’ Choi Gee Sung may be promoted to vice chairman from president, according to the Korean-language newspaper. Samsung Electronics, the world’s largest maker of memory chips, televisions and flat screens, gained 4.8 percent to 859,000 won.
Shanghai Forte Land Co. (2337 HK): The Shanghai-based developer reported contracted sales in November rose to 1.16 billion yuan ($174 million) from 1.07 billion yuan a year earlier. Sales by area fell to 83,468 square meters from 99,190 square meters, the company told Hong Kong’s stock exchange. Shanghai Forte declined 1.7 percent to HK$2.35.
Wilmar International Ltd. (WIL SP): The world’s largest palm-oil trader said it subscribed to 55.8 million shares in FFM Bhd., a unit of Malaysia’s PPB Group Bhd. (PEP MK), for a total of 378.1 million ringgit. That’s equivalent to a 20 percent stake in FFM. Wilmar fell 0.7 percent to S$6.10 and PPB, an investment company controlled by billionaire Robert Kuok, rose 0.6 percent to 17.70 ringgit.
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