BYD, China Life, PCCW, Zijin Mining: Hong Kong Stocks 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.

The Hang Seng Index (HSI) fell 1.8 percent to 21,953.11. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, declined 1.9 percent to 12,161.42.

BYD Co. (1211 HK): The Shenzen-based carmaker said it will conduct an online roadshow on June 20for its planned share offering in Shenzhen, according to a statement to the Shenzhen Stock Exchange. The Chinese carmaker has received approval from the China Securities Regulatory Commission to offer up to 79 million shares, the statement said. The stock declined 3.6 percent to HK$21.65.

China Life Insurance Co. (2628 HK): The nation’s biggest insurer by market value said premium income for the five months ended May 31 totaled 166.5 billion yuan ($26 billion). The shares fell 2.7 percent to HK$25.65.

Chinasoft International Ltd. (354) (354 HK): The software company may revive a proposal to list shares in the U.S. next year after postponing the planned offering this month, according to Chief Executive Officer Henry Chen. The stock declined 3.1 percent to HK$2.50.

Zijin Mining Group Co. (2899 HK): China’s largest gold producer said it hired Bank of China Ltd. (3988 HK) to help it issue U.S. dollar bonds to fund purchases of copper concentrate. Zijin Mining slumped 4.4 percent to HK$3.68.

Nine Dragons Paper Holdings Ltd. (2689) (2689 HK): Cheung Yan, the paper-products company’s chairwoman, bought 3.81 million company shares at an average price of HK$6.451 each on June 15, according to disclosure posted on the Hong Kong stock exchange website. The stock retreated 3 percent to HK$6.24.

PCCW Ltd. (8) (8 HK): Chairman Richard Li purchased 2.87 million shares of Hong Kong’s biggest phone carrier by market value at an average price of HK$3.039 each, according to disclosure statement on the website of the Hong Kong stock exchange. The stock gained 2.3 percent to HK$3.16.

Sa Sa International Holdings Ltd. (178) (178 HK): Hong Kong’s biggest listed cosmetics retailer by market value plans to open as many as 50 new stores in China by March, according to Chairman Simon Kwok. The stock dropped 5.6 percent to HK$4.76.

ZTE Corp. (763) (763 HK): The maker of mobile-phone equipment said it sold 2.6 million shares of its holding in Nationz Technologies Inc. (300077 CH) for a net pretax investment gain of about 42 million yuan. ZTE dropped 0.7 percent to HK$27.75.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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