Facebook’s Zuckerberg to Sell 41.35 Million Shares in Offering
Coal India, Hyundai Motor, Sony, Toshiba: Asia Stocks Preview
The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Coal India Ltd. (COAL) : The Children’s Investment Fund Management, which is seeking compensation for harm caused to its investment in the world’s largest producer of the fuel, said it expects to issue legal notice to the company this month, partner Oscar Veldhuijzen said in a phone interview.
Separately, the government may invoke presidential discretion to enforce Coal India fuel supply agreements, Minister Sriprakash Jaiswal said in New Delhi. The shares dropped 0.8 percent to 341.2 rupees.
Hyundai Motor Co. (005380) (005380 KS): The company, South Korea’s biggest carmaker, sold 382,659 vehicles in March, up 18 percent from a year earlier, according to a regulatory filing. The stock added 3 percent to 240,000 won.
Keppel Corp. (KEP) : The Singaporean company, the world’s biggest builder of oil platforms, said its Keppel Amfels unit won a $205 million contract to build a jack-up rig for Mexicos’s Perforadora Central SA de CV. Keppel slid 0.6 percent to S$10.92.
Showa Shell Sekiyu K.K. (5002) (5002 JT): The company shut a 65,000 barrel-a-day crude distillation unit today at its Mizue plant of the Keihin refinery near Tokyo for maintenance, spokesman Satoshi Yoshida said by phone from Tokyo. The stock dropped 1.1 percent to 522 yen.
Sony Corp. (6758) (6758 JT): Japan Display Inc., a government- backed display venture with Sony, Toshiba Corp. (6502) (6502 JT) and Hitachi Ltd. (6501) (6501 JT), will open a production line to make mobile-device screens near Tokyo in fiscal year 2013. Sony gained 0.8 percent to 1,717 yen. Toshiba lost 0.3 percent to 363 yen. Hitachi climbed 3.6 percent to 550 yen.
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