Aug. 2 (Bloomberg) -- The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the close of July 30.
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, dropped 10.61, or 0.4 percent, to 2,637.50. The CSI 300 Index fell 0.3 percent to 2,868.85.
Air China Ltd. (601111 CH): The company’s Shenzhen Airlines Ltd. unit agreed to buy 10 Airbus 320-series planes for less than a “basic price” of $814 million. The shares fell 0.2 percent to 12.26 yuan.
Beijing Yanjing Brewery Co. (000729 CH): The company said net income for the first half climbed 25 percent to 398.7 million yuan ($58.9 million) from a year earlier. The stock closed unchanged at 20.55 yuan.
China Construction Bank Corp. (601939 CH): The China Banking Regulatory Commission approved in principle the lender’s planned rights offer of A-shares and H-shares, according to a statement to the Hong Kong Stock Exchange. The shares declined 0.6 percent to 4.95 yuan.
China CSSC Holdings Ltd. (600150 CH): The company said first-half net income rose 4 percent to 1.2 billion yuan from a year earlier. The shares lost 0.5 percent to 59.75 yuan.
Huaxin Cement Co. (600801 CH): The company said it will raise up to 1.9 billion yuan in a private placement of shares after the company’s board approved a revised plan. The shares fell 0.5 percent to 18.56 yuan.
Lingyuan Iron & Steel Co. (600231 CH): The company said it won’t be a strategic investor in the initial share sale of China Everbright Bank. The stock gained 0.8 percent to 7.24 yuan.
Shandong Denghai Seeds Co. (002041 CH): The company’s unaudited net income for the first half more than doubled to 148.4 million yuan, according to a filing to the Shenzhen Stock Exchange. The shares gained 0.5 percent to 55.65 yuan.
Shanghai Qiangsheng Holding Co. (600662 CH): The company said it plans to sell about 245 million shares in a private placement at 7.03 yuan each. The company is raising funds to buy assets from its two largest shareholders, it said. The stock fell 0.7 percent to 7.07 yuan on June 11 before trading was suspended.
Shenzhen Airport Co. (000089 CH): The company said first-half profit rose 29 percent from year-earlier levels. Separately, the stock was raised to “overweight” from “equal-weight” by Morgan Stanley analysts led by Edward Xu, who said a slump in the shares has factored in the higher spending for a new terminal project and offers a “good entry price” to buy into the stock before the introduction of a new runway and terminal in 2011 or 2012. The shares dropped 0.2 percent to 5.87 yuan.
Shenzhen Hepalink Pharmaceutical Co. (002399 CH): The company’s first-half net income more than doubled to 598.6 million yuan, according to a filing to the Shenzhen Stock Exchange. The shares lost 1.8 percent to 133.58 yuan.
Suning Appliance Co. (002024 CH): The company’s unaudited net income for the first half rose 56 percent to 2 billion yuan from a year earlier, according to a filing to the Shenzhen Stock Exchange. The shares dropped 0.6 percent to 12.50 yuan.
TCL Corp. (000100 CH): The company raised 4.5 billion yuan selling 1.3 billion new shares in a private placement last month, according to a statement to the Shenzhen Stock Exchange. The shares fell 0.5 percent to 4.09 yuan.
Vanfund Real Estate Co. (000638 CH): The company’s first-half net income fell 26 percent to 5.9 million yuan from a year earlier, according to a statement to the Shenzhen Stock Exchange. The shares added 1.1 percent to 9.52 yuan.
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