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.
Malaysian semiconductor, auto-parts manufacturers: Temasek Formation Sdn. said it offered to buy out AIC Corp. (AIC MK), Jotech Holdings Bhd. (JTEC) and AutoV Corp. (AVB MK) for about 696 million ringgit ($235 million) as it seeks to merge their businesses to boost earnings, according to a company statement. Their shares were suspended on July 27. AIC last traded at 1.49 ringgit, Jotech 15.5 sen and AutoV 2 ringgit.
HTC Corp. (2498) (2498 TT): Asia’s second-biggest phone maker by market value forecasts third-quarter revenue of NT$137 billion ($4.8 billion), with shipments of 13.5 million units, the Taoyuan, Taiwan-based company said in a statement. The average of 18 analyst estimates compiled by Bloomberg is for sales of NT$135 billion. The stock fell 4.8 percent to NT$858.
KB Financial Group Inc. (105560) (105560 KS): The owner of South Korea’s largest lender returned to profit in the second quarter, posting 817.3 billion won ($775 million) in net income for the three months ended June 30 as provisions for bad debts fell and loan margins widened, a stock-exchange filing showed. The company had a revised 217.4 billion won loss a year earlier, it said. The stock fell 2.4 percent to 52,500 won.
Korea Zinc Co. (010130 KS): South Korea’s biggest producer of refined zinc reported a 37 percent gain in second-quarter profit to 177.1 billion won as zinc and silver prices rose, a regulatory filing showed. Sales climbed 53 percent to 1.5 trillion won, it said. The stock fell 1.5 percent to 437,500 won.
MediaTek Inc. (2454) (2454 TT): The Taiwanese chip designer will invest $20 million for 10 percent of India’s Spice Digital Ltd., a stock-exchange filing showed. The stock declined 2.8 percent to NT$258.50.
SK Networks Co. (001740 KS): The South Korean trading company ended talks on acquisition of a stake in Handsome Co. (020000) after failing to agree on terms with the apparel-making company’s biggest shareholder, according to a regulatory filing by SK Networks. SK Networks sank 5.2 percent to 129,000 won. Handsome fell 1.2 percent to 28,150 won.
Swift Foods Inc. (SFI) : The Philippine poultry raiser will “rest” two farms to eradicate Newcastle’s disease within the facilities, a stock-exchange filing showed. The stock increased 11 percent to 21.50 centavos.
Woolworths Ltd. (WOW) : The company said Greg Foran has resigned as director of food, liquor and petrol for Australia and New Zealand and will leave the company “within the next few months.” The company has completed a search for a successor with an announcement to be made in “due course,” Sydney-based Woolworths said. The stock fell 1 percent to A$26.94.
To contact the reporter on this story: Ian C. Sayson in Manila at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org