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.
Catcher Technology Co. (2474 TT) The computer casing maker plans to sell as much as NT$4.5 billion ($150 million) of five- year convertible bonds to boost working capital and help pay for equipment purchases, the company said in a statement to the stock exchange. Catcher jumped 6.7 percent to NW$111.
Chongqing Iron & Steel Co. (1053 HK): The steelmaker said it will invest a total of 730 million yuan ($110 million) in a construction project in Chongqing, China, according to a statement to the Hong Kong stock exchange. Chongqing fell 0.5 percent to HK$2.01.
Country Heights Holdings Bhd. (CHH MK): The Malaysian property developer said it got approval from bondholders for more time to redeem a 150 million-ringgit ($48 million) bond. Bondholders approved an extension until Dec. 31, 2011, from Dec. 31, 2010, the company said in a statement. Country Heights is working on “refinancing arrangements” to redeem the bond, it said. The stock gained 6.7 percent to 64 sen.
HSBC Holdings Plc (5 HK): Europe’s biggest bank named Alan Keir as global head of commercial banking. Keir, who is global co-head of commercial banking and head of commercial banking in Europe, will take up the new position on Jan. 1, the London- based company said in a statement. HSBC fell 0.3 percent to HK$79.95.
Hyundai Elevator Co. (017800 KS): The company, which makes elevators, will buy 1.8 million new shares in affiliate Hyundai Merchant Marine Co. (011200 KS) at 32,000 won apiece. The company is buying the stock to have more say in the shipping line’s management, it said in a regulatory filing. Hyundai Elevator was unchanged at 105,000 won and Hyundai Merchant slid 1.5 percent to 39,400.
Nan Ya Plastics Corp. (1303 TT): The plastics producer plans to sell as much as NT$10 billion of bonds to help repay debt and improve its financial structure, Nan Ya said in a statement to the Taiwan Stock Exchange. The stock advanced 0.4 percent to NT$71.50.
Neptune Orient Lines Ltd. (NOL SP): Southeast Asia’s biggest container carrier said it received financing offers for its $1.2 billion acquisition of 12 ships. The company said it got financing offers of $926 million, or 78 percent of the amount. The remainder will be funded by an earlier bond sale and internal resources, it said in a Singapore exchange statement. Neptune fell 0.9 percent to S$2.14.
Riversdale Mining Ltd. (RIV AU): The Australian coking coal developer, which is subject of a A$3.9 billion takeover bid from Rio Tinto Group (RIO AU), said its three major shareholders haven’t raised any objection to the offer. “They have been supportive” during talks with Rio, Riversdale Managing Director Steve Mallyon said in a telephone interview. Riversdale gained 1.7 percent to A$16.57 and Rio Tinto, the world’s third-largest mining company, climbed 0.5 percent to A$87.20.
Selangor Properties Bhd. (SPR MK): The Malaysian property developer said profit in the fourth quarter ended Oct. 31 rose 48 percent from a year earlier to 53.9 million ringgit after reaping revaluation gains on its investment properties. The stock rose 0.3 percent to 3.40 ringgit.
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