Galaxy Entertainment, ICBC, Goldwin: Hong Kong Equity Preview
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.
Galaxy Entertainment Group Ltd. (27 HK) The Macau casino operator part-owned by Permira Advisers LLP plans to raise 1 billion yuan ($150 million) by selling bonds in Hong Kong, Robert Drake, chief financial officer, said in a phone interview yesterday. The stock declined 1.2 percent to HK$8.28.
Industrial & Commercial Bank of China Ltd. (1398 HK): China’s biggest lender by market value ahead of Premier Wen Jiabao’s visit on Dec. 17, the Financial Times reported, citing comments from Pakistan central bank Governor Shahid Kardar. The shares slipped 1.3 percent to HK$5.90.
Jiangsu Expressway Co. (177 HK): China’s biggest toll-road operator by revenue had its rating cut to “hold” from “buy” at Citigroup Inc., saying valuation looks fair at the current level. The stock slid 1.2 percent to HK$8.79.
Lee & Man Paper Manufacturing Ltd. (2314 HK): The containerboard maker signed a HK$2.5 billion ($322.1 million), five-year term loan facility with HSBC Holdings Plc and five other lenders. The shares lost 1.3 percent to HK$6.32.
Winsway Coking Coal Holdings Ltd. (1733 HK): The producer of coal used to make steel that raised HK$3.66 billion in its initial share sale in October said it signed a five-year agreement to buy at least 2 million metric tons of coal annually from SouthGobi Resources Ltd. Winsway climbed 2.7 percent to HK$4.16.
Xinjiang Goldwind Science & Technology Co. (2208 HK): The China-based maker of wind turbines said it won open tenders to supply wind-turbine generators to eight projects in Hebei and Xinjiang provinces in China for 4.77 billion yuan. The shares decreased 3 percent to HK$17.04.
To contact the editor responsible for this story: Nick Gentle at email@example.com.