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.
China Merchants Holdings (International) Co. (144 HK): The Hong Kong-based port operator said it has entered a loan agreement arranged by DBS Bank Ltd. and ING Bank N.V. for as much as HK$1.4 billion ($179 million). The facility agreement is for the acquisition of a 51 percent stake in Yongtaiwen Expressway. The stock fell 4.2 percent to HK$19.36.
ECM Libra Financial Group Bhd. (ECML) : The Malaysian stockbroker and corporate finance group said profit in the second quarter ended July 31 almost tripled to 14.6 million ringgit ($4.6 million) from 5.1 million ringgit a year earlier, according to a company statement. ECM retreated 9.2 percent to 69.5 sen.
Farglory Land Development Co. (5522 TT): The property developer’s board has authorized its chairman to spend as much as NT$7.5 billion ($245 million) on purchases of land in Taipei and New Taipei, the company said in a statement to the Taiwan stock exchange. Farglory Land slid 1.9 percent to NT$52.80.
Hynix Semiconductor Inc. (000660) (000660 KS): The world’s second- largest computer-memory chipmaker plans to invest 575 billion won ($474 million) in upgrading chip plants and research, according to a regulatory filing. Hynix declined 0.2 percent to 21,550 won.
King Yuan Electronics Co. (2449 TT): The Taiwanese company that provides testing services to semiconductor manufacturers plans to buy back 20 million of its own common shares, or 1.57 percent of outstanding stock, it said in a statement to the Taiwan stock exchange. King Yuan lost 3.1 percent to NT$10.85.
Renhe Commercial Holdings Co. (1387 HK): Chief Executive Officer Dai Yongge increased his stake in the company, according to a statement to the Hong Kong stock exchange. Dai bought an additional 2.6 million shares at 1.12 yuan each, the statement said. Renhe, which develops underground shopping centers in China, plunged 19 percent to 92 Hong Kong cents.
San Miguel Corp. (SMC) : The largest Philippine food and drinks manufacturer’s net income rose 70 percent in the eight months through August from a year earlier on acquisitions of oil-refining and power-generation assets, a person familiar with the company’s financial data said. The stock declined 0.8 percent to 122 pesos.
Samsung C&T Corp. (000830) (000830 KS): The trading arm of Samsung Group said it’s considering an acquisition of Parallel Petroleum Corp. No details have been decided, according to a regulatory filing. MoneyToday reported on Aug. 22 Samsung Group is seeking to buy the U.S. company for about 1 trillion won. Samsung C&T retreated 1.8 percent to 71,500 won.
SM Investments Corp. (SM) : The holding company of Philippine billionaire Henry Sy sold five billion pesos ($114 million) of seven- and 10-year notes, a stock-exchange filing showed. The stock decreased 0.4 percent to 518 pesos.
SP Setia Bhd. (SPSB) : The Malaysian property developer’s profit in the third quarter ended July 31 rose 4.6 percent from a year earlier to 91.2 million ringgit, according to a stock- exchange filing. The company is “highly confident” of meeting its full-year sales target of 3 billion ringgit, it said. The shares fell 4.1 percent to 3.06 ringgit.
Ssangyong Engineering & Construction Co. (012650 KS): The company’s largest shareholder will revive plans to sell a stake in the builder. Details on the sale plan will be decided after arrangers conduct due diligence for five weeks starting Sept. 16, Ssangyong said in a regulatory filing. State-run Korea Asset Management Corp. holds a 39 percent stake in Ssangyong. The stock jumped 7.3 percent to 7,470 won.
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