CLP Holdings, World Wide Touch, ZTE: 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.
Utilities: CLP Holdings Ltd. (2 HK) and Hongkong Electric Holdings Ltd. (6 HK) will raise tariffs in the city by an average of 2.8 percent next year to cover rising fuel costs, company officials said.
Hongkong Electric, controlled by billionaire Li Ka-shing, declined 0.7 percent to HK$50.15. CLP, Hong Kong’s largest electricity supplier, suspended trading in its shares yesterday. The stock last traded at HK$63.95 on Dec. 13.
China Mobile Ltd. (941 HK): Executives from the nation’s three biggest telecommunications companies, including China Mobile, will arrive in Taiwan today to discuss cooperation with the island’s peers, the United Evening News newspaper reported, without saying where it got the information. China Mobile, the world’s largest mobile phone company by users, dropped 0.6 percent to HK$77.40.
World Wide Touch Technology (Holdings) Ltd. (1282 HK): The manufacturer of capacitive touch displays for notebook computers sold 861 million shares at 95 Hong Kong cents each in an initial public offering, raising net proceeds of HK$597.5 million, according to a statement. Trading begins today.
ZTE Corp. (763 HK): The second-biggest phone-equipment maker in China said it will start selling in Japan this month an Android smartphone called Libero developed with SoftBank Corp. ZTE gained 0.9 percent to HK$32.05.
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