Hengxin Technology, Yue Yuen, Zoomlion: Hong Kong Stock Preview
Stock Chart for Zoomlion Heavy Industry Science and Technology Co Ltd (000157)
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.
Changsha Zoomlion Heavy Industry Science & Technology Development Co. (1157 HK): The maker of construction machinery sold 869.6 million shares at HK$14.98 each, raising net proceeds of HK$12.5 billion ($1.6 billion) in an initial public offering, according to a statement. Trading starts today.
China Merchants Holdings (International) Co. (144 HK): Parent China Merchants Group, the investor in ports moving about a third of the nation’s containers, will seek more overseas projects. The company is looking at building ports and investing in facilities in “newly emerging markets,” Chairman Fu Yuning said. China Merchants, the listed unit, slid 0.3 percent to HK$30.35.
Hengxin Technology Ltd. (1085 HK): The supplier of coaxial cables used in mobile communications sold 98.7 million shares at HK$2.25 apiece, raising net proceeds of HK$95 million in a Hong Kong initial share sale. Trading begins today.
Yue Yuen Industrial Holdings Ltd. (551 HK): Orders for the Nike Inc. brand for December to April rose 11 percent to $7.7 billion, excluding currency fluctuations, from a year earlier, the company said. That missed the 11.6 percent gain projected by an average of five analysts surveyed by Bloomberg. Yue Yuen, which makes shoes for Nike, climbed 0.5 percent to HK$27.75.
To contact the editor responsible for this story: Nick Gentle at email@example.com.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.