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.
BYD Co. (1211 HK): The Chinese automaker part-owned by Warren Buffett’s Berkshire Hathaway Inc. will raise investments in a Shenzhen-based lithium battery-maker and a Tibet-based lithium miner following an A-share issue, the company said in statements to Shenzhen’s stock exchange. The shares gained 3.6 percent to HK$23.25.
China Unicom (Hong Kong) Ltd. (762 HK): France’s Alcatel- Lucent will help optimize the carrier’s 3G network in 10 provinces to meet rising demand for mobile broadband coverage in China, it said in an e-mailed statement. China Unicom, the nation’s second-largest mobile phone company by market value, fell 0.9 percent to HK$15.06.
Hidili Industry International Development Ltd. (1393) (1393 HK): The coal-mining company said second-quarter raw coal production dropped 31 percent to 735,000 metric tons from a year earlier. The stock slid 2.4 percent to HK$5.83.
North Mining Shares Co. (433 HK): The molybdenum miner said it plans to sell as much as HK$754 million ($96.7 million) of convertible notes to seven “potential subscribers.” The company has applied to resume trading today after being suspended yesterday, it said.
Zijin Mining Group Co. (2899 HK): A shareholder of Zijin, China’s biggest gold producer by market value, is selling 338.4 million shares to raise as much as $191 million, according to a term sheet obtained by Bloomberg News. The shares are being offered at HK$4.22 to HK$4.36 each, according to the term sheet, which didn’t disclose the name of the selling shareholder. The stock advanced 2.3 percent to HK$4.54.
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