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Agricultural Bank, Ping An, StanChart: Hong Kong Equity Preview

Oct. 13 (Bloomberg) -- The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.

The Hang Seng Index fell 0.4 percent to 23,121.70. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, climbed 0.2 percent to 12,979.

Agricultural Bank of China Ltd. (1288 HK): The nation’s third-largest lender said 5 billion of its shares will become tradeable on Oct. 15. The stock fell 1 percent to HK$4.07.

China Construction Bank Corp. (939 HK): The Chinese bank said its controlling shareholder, Central Huijin Investment Co., bought 16.1 million Shanghai shares in the lender on or before Oct. 8. Huijin intends to continue raising its stake over the coming 12 months, according to a statement. China Construction advanced 0.1 percent to HK$6.99.

China Gogreen Assets Investment Ltd. (397 HK): The company said it plans to raise as much as HK$1.09 billion ($140 million) in a rights offer, and will use up to HK$916 million to expand production capacity of a-Si Thin-Film Solar PV. The stock was unchanged at 23.2 Hong Kong cents.

China Merchants Bank Co. (3968 HK): The bank said net profit for the nine months ended Sep. 30 increased more than 50 percent from a year earlier based on its preliminary estimates. The stock was unchanged at HK$21.10.

Ping An Insurance (Group) Co. (2318 HK): The Chinese insurer’s health-insurance unit won regulatory approval to sell a 20 percent stake to Discovery Holdings Ltd., according to a statement posted on the China Insurance Regulatory Commission’s website. Ping An gained 0.8 percent to HK$79.95.

Standard Chartered Plc (2888 HK): The London-based bank plans a rights offering to raise between 5 billion pounds ($7.9 billion) and 7 billion pounds, the Financial Times reported, citing people it said were familiar with the matter. The stock gained 0.4 percent to HK$230.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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