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.
Daewoo Securities Co. (006800 KS): South Korea’s second- largest brokerage by market value plans to sell 136.6 million new shares to raise 1.4 trillion won ($1.3 billion), according to a regulatory filing. Daewoo Securities advanced 3.8 percent to 13,750 won.
HSBC Holdings Plc (HSBA) (5 HK): Europe’s largest bank plans to cut 3,000 jobs in Hong Kong over the next three years to reduce costs and boost profitability. “At HSBC, we recognize the need to become more efficient and less bureaucratic,” a spokeswoman who declined to be identified citing company policy, said in a telephone interview yesterday. HSBC climbed 0.8 percent to HK$64.60.
Hyundai Motor Co. (005380) (005380 KS): The company’s Indian unit will introduce its HA small car this year, Arvind Saxena, director of sales and marketing, said in an interview in New Delhi. Hyundai Motor, South Korea’s biggest automaker, gained 3.7 percent to 199,000 won.
Oriental Peninsula Resources Group Inc. (ORE) : The Philippine metals producer said it “secured” investments from Yun Feng, which owns automotive companies and suppliers in China, to invest in its hydropower, coal and nickel projects, a stock- exchange filing showed. The stock fell 1.3 percent to 4.50 pesos.
Pintaras Jaya Bhd. (PINT) : The Malaysian construction group won a 54.9 million-ringgit ($18 million) building contract from Oasis Garden Development Sdn., according to a company statement. Pintaras added 5.5 percent to 2.50 ringgit.
Samsung Electronics Co. (005930 KS): The world’s second- biggest mobile phone maker and Microsoft Corp. (MSFT) may team up to develop tablet computers based on Microsoft’s Windows 8 operating system, the Korea Economic Daily reported, without citing anyone. Samsung Electronics advanced 6.3 percent to 773,000 won.
United Microelectronics Corp. (2303) (2303 TT): The world’s second-largest contract maker of chips bought NT$2.15 billion ($73.8 million) of gear from ASML Hong Kong Ltd. from Aug. 5 to Sept. 7, UMC said in a statement to the Taiwan stock exchange. The stock rose 4.6 percent to NT$11.40.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org