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Thailand Equity Movers: Pakfood, Sahaviriya Steel, Thai Union

Shares of the following companies had unusual moves in Thailand trading. (SET) Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index fell 0.1 percent to 1,042.52.

Pakfood Pcl (PPC) , a Thai seafood exporter, rose 30 percent to 64.5 baht, the highest close since Oct. 10, 1995, after Thai Union Frozen Pcl (TUF) offered to acquire the company. Thai Union rose 3.1 percent to 59 baht, its highest close since Aug. 1.

Quality Houses Pcl (QH TB), a property developer, rose 2.6 percent to 1.6 baht, its highest close in more than a week. The company started selling 1.3 billion baht ($41.6 million) of one- year bonds.

Sahaviriya Steel Industries Pcl (SSI) , Thailand’s biggest steelmaker, sank 2.5 percent to 0.78 baht, the lowest close since Dec. 8. The company will delay the restart of its iron and steelmaking operations at a plant in Teesside in northeast England until the beginning of 2012.

To contact the reporters on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net; Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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