China Stocks: Guangxi Hechi, Jiangsu Miracle, Sichuan Road
Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses and prices are as of the 3 p.m. close.
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 0.6 percent to 2,484.83. The CSI 300 Index (SHSZ300) increased 0.5 percent to 2,733.11.
Guangxi Hechi Chemical Industrial Co. (000953 CH) jumped 5 percent to 7.36 yuan, its biggest gain since July 11. The chemical producer will invest 591 million yuan ($92.4 million) in projects to upgrade production and reduce energy consumption, according to a statement to the Shenzhen Stock Exchange.
Hubei Energy Group Co. (000883 CH) added 3.8 percent to 7.17 yuan, its biggest increase since Aug. 25. The energy company signed a 30-year natural-gas concession in Shennongjia, Hubei province, the company said in a statement to the Shenzhen exchange.
Jiangsu Miracle Logistics System Engineering Co. (002009 CH) advanced 1 percent to 14.52 yuan. The company got a 118.6 million-yuan contract to supply SAIC-GM-Wuling Automobile Co., a statement to the Shenzhen exchange said.
Qinhuangdao Tianye Tolian Heavy Industry Co. (002459 CH) climbed 6.9 percent to 17.85 yuan, the most since July 27. The company will buy a 75 percent stake in Yinyi Mining Co., a hydrogen fluoride company, for 135 million yuan, according to a statement to the Shenzhen exchange yesterday.
Sichuan Road & Bridge Co. (600039 CH) gained 3.4 percent to 9.17 yuan, the biggest rise since July 27. The company will issue 274.6 million shares for 9.11 yuan each to its controlling shareholder to buy assets worth 2.5 billion yuan, according to a statement to the Shanghai Stock Exchange yesterday.
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