Taiwan Stocks: First Steamship, Ho Tung, HTC, Wei Chuan Foods

Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei.

The Taiex Index fell 0.1 percent to 7,273.13.

First Steamship Co. (2601) (2601 TT), a shipping company, fell 2 percent to NT$35.20. The company sold $45 million of three-year convertible bonds. It set the bonds’ conversion price at NT$34.80 per share, the company said in a statement to the Taiwan stock exchange.

Ho Tung Chemical Corp. (1714) (1714 TT) fell 1.5 percent to NT$16.55, the most since June 4. The company said it will carry out maintenance at a plant from July 12 to Aug. 17, as CPC Corp. halts production at its Kaohsiung refinery, it said in a statement today. The maintenance at CPC’s facility will stop supplies of feedstock to Ho Tung, according to the statement.

HTC Corp. (2498) (2498 TT) climbed 3.9 percent to NT$386, its fifth day of gains. Asia’s second-largest smartphone maker said the shares will go ex-dividend on July 5. The company plans to pay a cash dividend of NT$40 per share. HTC signed agreements with China’s Sina Corp. and Tencent Holdings Ltd. to work together on Chinese mobile internet services, HTC said in an e- mailed statement to Bloomberg News today.

Wei Chuan Foods Corp. (1201) (1201 TT), a food producer, rose 1.2 percent to NT$30.75, the highest close since June 1. The company’s board approved an investment of NT$122.5 million to set up a food venture with Japan’s Calbee Inc., it said in a statement to the Taiwan stock exchange.

To contact the reporter on this story: Ee Chien Chua in Singapore at echua27@bloomberg.net

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

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