The following companies may have unusual price changes in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
South Korea’s Banks: South Korean banks need to set aside 2.2 trillion won ($1.8 billion) in additional reserves to help construction, shipbuilding and shipping companies restructure, the Financial Supervisory Service said. Among 65 construction, shipbuilding and shipping companies that have struggled to repay debt, 38 will have their loans restructured with creditors, the regulator said
KB Financial Group Inc. (105560 KS), owner of South Korea’s largest bank, increased 0.2 percent to 49,550 won. Woori Finance Holdings Co. (053000 KS), the nation’s third-biggest financial company, fell 2.3 percent to 14,950 won.
Adelaide Brighton Ltd. (ABC AU): The Australian construction materials company said its new funding facilities of A$150 million have been secured with Commonwealth Bank of Australia, National Australia Bank Ltd. and Westpac Banking Corp. The company now has total loan facilities of A$360 million ($310 million). The stock decreased 2.1 percent to A$2.74.
Atlas Consolidated Mining & Development Corp. (AT PM): The Philippine metals producer expects copper sales will reach $200 million this year, Vice President Adrian Ramos said in an interview. The stock increased 1 percent to 9.70 pesos.
Formosa Plastics Corp. (1301 TT): First-half profit at Taiwan’s largest maker of polyvinyl chloride exceeded expectations, Chairman Lee Chih-tsuen said. The company plans to increase its investment in Ningbo, China, by “a little” more than $600 million, he also said. The stock fell 1.8 percent to NT$66.2.
General Corp. (GCB MK): The Malaysian builder and property group said profit in the first quarter, ended April 30, more than doubled from a year earlier to 22.6 million ringgit on higher sales. General Corp. was unchanged at 1.58 ringgit.
Gindalbie Metals Ltd. (GBG AU). The Australian iron-ore company completed its A$206.4 million capital raising by selling A$20 million of stock at 93 cents apiece, a stock-exchange filing showed. The stock decreased 3.6 percent to A$1.205.
Jollibee Foods Corp. (JFC PM): The largest Philippine restaurant operator plans to expand its San Pin Wang fast food chain, starting with neighboring provinces in South China, Chairman Tony Tan Caktiong said. Sales in the second quarter were “stronger” than the first three months, mainly on election-related spending, and profit for the three months ended June will be also be “good,” Chief Financial Officer Ysmael Baysa said. The stock gained 0.7 percent to 70 pesos.
PT Semen Gresik (SMGR IJ): The company’s shareholders approved a final dividend payout of 55 percent of last year’s net income, Corporate Secretary Sunardi Prionomurti said. Semen Gresik, Indonesia’s largest cement maker, rose 1.8 percent to 8,500 rupiah.
Samsung Life Insurance Co. (032830 KS): South Korea’s biggest life insurer will be included in the Kospi 200 index effective Sept. 10, replacing Yungjin Pharmaceutical Co. (003520 KS), Korea Exchange Inc. said. Samsung Life climbed 6 percent to 106,500 won. Yungjin decreased 2.4 percent to 820 won.