Facebook’s Zuckerberg to Sell 41.35 Million Shares in Offering
Compal, Doosan, Greencross, Zijin: Asia Ex-Japan Equity Preview
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.
Compal Electronics Inc. (2324) (2324 TT): The world’s second- largest contract manufacturer of laptops expects notebook- computer shipments in the second quarter to rise 10 percent from the previous three months, President Ray Chen said. The company is also looking for more sources for components, Chen said. The stock rose 0.8 percent to NT$30.25.
Doosan Heavy Industries & Construction Co. (034020 KS): South Korea’s biggest maker of power generators is considering acquisition of AE&E Lentjes GmbH, a German engineering company, through an overseas unit, according to a regulatory filing by Doosan. No details have been decided, the South Korean company said. The stock fell 1.2 percent to 66,400 won.
Greencross Ltd. (GXL) : Australia’s largest veterinary group completed the purchase of the Springvale Animal Hospital in Melbourne and that it will buy the Marshall Lane Veterinary Clinic in Brisbane, a stock-exchange filing showed. The stock rose 3.9 percent to 93.5 Australian cents.
Hanjin Shipping Co. (000700 KS): South Korea’s largest container line said it is seeking to raise rates for trade to Europe from Asia starting May 15. The company plans to increase rates by $200 per 20-foot container, Hanjin Shipping said in an e-mailed statement. The stock was unchanged at 15,650 won.
Huadian Power International Corp. (600027 CH): China’s fourth-biggest electricity producer generated 38.18 million MWh of power in the first quarter, a 28 percent increase from a year earlier, a stock-exchange filing showed. The stock fell 0.3 percent to 4 yuan.
Hyundai Securities Co. (003450) (003450 KS): The South Korean brokerage will buy back 5.1 million shares to stabilize its stock price, a stock-exchange filing showed. The purchases will be made between April 18 and July 14. The stock rose 1.2 percent to 13,050 won.
Taiwan Semiconductor Manufacturing Co. (2330 TT): The world’s largest contract chipmaker bought NT$2.3 billion of equipment from Applied Materials South East Asia Pacific Ltd. from March 28 to April 14, a stock-exchange filing showed. The stock fell 1.3 percent to NT$69.80.
Zijin Mining Group Co. (2899 HK): China’s biggest gold producer by market value may purchase more shares in Glencore International AG’s initial public offering after the allocation phase “if the price is attractive,” Zijin Vice Chairman Lan Fusheng said. The stock increased 0.2 percent to HK$6.28.
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