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.
Advanced Semiconductor Engineering Inc. (2311) (2311 TT): The chip-packing and testing company plans to buy back 30 million common shares, or 0.44 percent of total outstanding shares, it said in a statement to the Taiwan stock exchange. Advanced Semiconductor plans to buy back shares at between NT$22 and NT$40 each from Sept. 21 to Nov. 20, the company said. The stock retreated 1.7 percent to NT$28.40.
Cuscapi Bhd. (CUSC) : The Malaysian software provider proposed to raise about 9.8 million ringgit ($3.1 million) from a private share placement, it said in a statement. The company will sell as much as 10 percent of new stock to help finance its operations, it said. The shares were unchanged at 44.5 sen.
Delpha Construction Co. (2530 TT): The developer of residential and commercial buildings bought land in Taipei city for NT$1.1 billion ($36.8 million) to develop property, the Taiwan-based company said in a statement to the local stock exchange. Delpha lost 0.5 percent to NT$10.85.
Hynix Semiconductor Inc. (000660) (000660 KS): Shareholders of the South Korean chipmaker will proceed to sell their stake as scheduled, even after STX Group dropped its bid, Korea Exchange Bank said in an e-mailed statement. Shareholders will receive final bids by Oct. 24 as planned, according to the statement. Hynix advanced 3.1 percent to 21,650 won.
Nagamas International Bhd. (NGMS MK): The Malaysian industrial gas producer and Malaysia Airports Holdings Bhd. (MAHB) agreed to jointly provide operation and management services for airport development projects in China, according to a company statement. Nagamas fell 1.4 percent to 69 sen. Malaysia Airports lost 0.3 percent to 6.05 ringgit.
PT Astra International (ASII IJ): Indonesia’s August domestic vehicle sales declined to 73,279 units from 89,056 units a month earlier, Astra, Indonesia’s largest automotive retailer, said. Astra climbed 0.6 percent to 65,400 rupiah.
PT United Tractors (UNTR IJ): The company’s heavy equipment sales in August fell to 589 units from 728 units a month earlier, United Tractors said in an e-mailed statement in Jakarta. United Tractors, Indonesia’s biggest heavy equipment seller, dropped 0.4 percent to 23,000 rupiah.
San Miguel Corp. (SMC) : The Philippines’ biggest listed company by sales has been receiving offers from Malaysian banks and international financial institutions to help fund its $1.2 billion upgrade of Esso Malaysia Bhd.’s oil refinery and gasoline stations, San Miguel Director Eric Recto said. The company may use its own funds, loans and some equity to fund the expansion, Recto said. The stock declined 2 percent to 122 pesos.
Sta. Lucia Land Inc. (SLI PM): The Manila-based property company will borrow 1.5 billion pesos ($34.5 million) from Banco de Oro Unibank Inc., a stock-exchange filing showed. The developer will also buy two parcels of property in Cavite, a province south of Manila, it said. The stock climbed 5 percent to 84 centavos.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com