Ayala Corp., DMCI, Mesiniaga, Pacific Basin: Asia Ex-Japan Equity Preview
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.
Ayala Corp. (AC) : The owner of the largest Philippine property developer bought back 200,000 shares at 309 pesos each, according to a filing to the stock exchange. Ayala declined 0.9 percent to 309 pesos.
DMCI Holdings Inc. (DMC) : The largest Philippine construction company said its real-estate unit will develop property owned by Kensington Management Corp. into a 22-store residential tower. The tower will have 451 units and will be completed by December 2014, a filing to the stock exchange showed. The stock fell 1.3 percent to 40.95 pesos.
Ingress Corp. (INGC MK): The Malaysian auto-parts and engineering services group said it won four contracts valued at 67.9 million ringgit ($22.8 million) from Tenaga Nasional Bhd. (TNB) to build a transmission line, switching stations and roads. Ingress won one of the contracts with Infrarail Sdn., it said in a statement. Ingress declined 1.8 percent to 81.5 sen. Tenaga Nasional, the nation’s biggest power producer, lost 2.5 percent to 5.16 ringgit.
Mesiniaga Bhd. (MESI) : The Malaysian computer-services company won a 167 million ringgit contract from Telekom Malaysia Bhd. (T MK), according to a company statement. The shares were unchanged at 1.85 ringgit. Telekom added 0.5 percent to 4.38 ringgit.
Pacific Basin Shipping Ltd. (2343) (2343 HK): Hong Kong’s largest operator of dry-bulk vessels said Klaus Nyborg plans to resign as chief executive officer and executive director of the company in March, according to a statement to the stock exchange.
Nyborg wants to be based in Denmark with his family, the statement said. The board of the company has instructed a search firm to find his successor, it said. Pacific Basin plunged 6.5 percent to HK$3.58.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
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