The following companies may have unusual price changes today in Asia trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
Astino Bhd. (ASTI) : The Malaysian manufacturer of metal roof sheets and doors said net income in the third quarter ended April 30 rose 61 percent from a year earlier to 11.4 million ringgit ($3.8 million) as sales gained, according to a stock exchange filing. Astino was unchanged at 69.5 sen.
Atlas Consolidated Mining & Development (AT) Corp: The Philippine miner plans to offer about 700.5 million shares at 19.56 apiece as part of a capital raising plan, mainly to fund the purchase of stakes in Carmen Copper Corp. The company appointed BDO Capital and Investment Corp. to arrange a “private placement” worth $142.2 million, it said. Atlas Mining jumped 5.4 percent to 20 pesos.
Beijing Enterprises Water Group Ltd. (371) (371 HK): The company, which develops water-treatment systems, plans to sell three-year yuan-denominated bonds to investors to yield around the 3.75 percent area, according to a person familiar with the matter. Beijing Enterprises plans to sell five-year yuan bonds to yield around the 5 percent area, the person said, asking not to be identified as details are private. Beijing Enterprises advanced 2 percent to HK$2.05.
China Life Insurance Co. (601628 CH): The company and its controlling shareholder, China Life Insurance (Group) Co., plan to inject a total of 4 billion yuan ($618 million) into their jointly-held property and casualty insurance unit. Registered capital of China Life Property and Casualty Insurance Co. will rise to 8 billion yuan after the investment, according to a statement to the Hong Kong stock exchange. China Life gained 3 percent to 18.77 yuan.
Gigastorage Corp. (2406) (2406 TT): The company’s board approved plans to sell up to $100 million of five-year overseas convertible bonds to fund the purchase of materials abroad, the Hsinchu, Taiwan-based company said in an exchange statement. Gigastorage, which makes and distributes optical discs, climbed 0.4 percent to NT$37.
PT Indosat (ISAT IJ): Shareholders approved a dividend payout of 50 percent of last year’s net income, or 59.55 rupiah a share, Parikesit Suprato, a deputy to the Indonesian state- owned enterprises minister, said. Indosat, Indonesia’s second- biggest telephone company in which the government owns a 14.29 percent stake, dropped 1 percent to 5,150 rupiah.
Riversdale Mining Ltd. (RIV) : The Australian mining company named Eric Finlayson as chief executive officer, it said in a regulatory filing. Riversdale fell 3.1 percent to A$16.11.
Samsung Electronics Co. (005930 KS): Apple Inc. (AAPL) filed a suit against Samsung in South Korea on June 22 charging patent infringement, according to a document on the Seoul Central District Court website. Samsung, the world second-biggest maker of mobile phones by sales, rose 2.5 percent to 852,000 won.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
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