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.
Aquila Resources Ltd. (AQA) : The Australian minerals explorer said Red Hill Iron Ltd. (RHI)’s “substantive claims” against API Management Ltd., a venture of AMCI Ltd. and Aquila Steel Ltd., are without foundation and will be contested, a stock-exchange filing showed. Aquila gained 2.2 percent to A$6.14. Red Hill increased 4.7 percent to A$2.25 when it last traded on Aug. 16.
First Philippine Holdings Corp. (FPH) : The company bought back 440,000 shares in the open market, a stock-exchange filing showed. The stock declined 2.5 percent to 58 pesos.
Gindalbie Metals Ltd. (GBG) : The Australian iron-ore exploration and mining company said it raised A$28.7 million ($30.2 million) from the sale of shares in a so called “retail entitlement offer.” The amount is equivalent to about 30 percent of the offer, a stock-exchange filing showed. The stock fell 1.5 percent to 68 Australian cents.
Hana Financial Group Inc. (086790) (086790 KS): Hana Bank, a unit of the South Korean company, will receive early retirement offers from employees this month, Hana Financial spokesman Lee Jung Dae said. Employees who worked more than 10 years at the bank are qualified, the spokesman said. The stock increased 1.5 percent to 34,650 won.
Hyundai Engineering Plastics Co. (089470 KS): The South Korean company halted production of some petrochemicals after a fire at its plant in Ulsan, a regulatory filing showed. The stock fell 0.7 percent to 5,810 won.
MSM Malaysia Holdings Bhd. (MSM MK): Malaysia’s biggest sugar refiner said second-quarter net income jumped 64 percent to 76.4 million ringgit ($25.7 million), helped by a “fair value” gain in derivatives, countering a drop in sales, according to a company statement. MSM was unchanged at 5.46 ringgit.
PAL Holdings Inc. (PAL) : Philippine Airlines Inc., the nation’s largest carrier and a unit of the company, said it posted a $10.6 million loss for the quarter ended June 30 due to fuel costs and tensions in the Middle East. The stock increased 5.2 percent to 6.50 pesos.
San Miguel Corp. (SMC) : The largest Philippine food and drinks company plans to buy Exxon Mobil Corp.’s entire 65 percent stake in Esso Malaysia Bhd. (ESSO) for $206 million, or 3.50 ringgit a share, a stock-exchange filing in Kuala Lumpur showed. San Miguel also plans to buy all of Exxonmobil Malaysia Bhd. and Exxonmobil Borneo Bhd. for about $404 million, the filing showed. San Miguel declined 1.3 percent to 125 pesos. Esso jumped 14 percent to 4.95 ringgit.
Semirara Mining Corp. (SCC) : The largest Philippine coal producer said it will borrow 14 billion pesos ($330 million) from banks to fund the construction of a power plant, a stock- exchange filing showed. The stock decreased 2.3 percent to 210 pesos.
Taiwan Semiconductor Manufacturing Co. (2330 TT): The world’s largest contract chipmaker bought NT$515 million ($18 million) of equipment from Applied Materials South East Asia Pacific Ltd. from July 11 to Aug. 17, a stock-exchange filing showed. TSMC, as the stock is also called, declined 0.3 percent to NT$65.80.
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