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 declined 1.3 percent to 22,668.78. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, dropped 1.2 percent to 12,434.95.
AIA Group Ltd. (1299 HK): Mark Tucker, chief executive officer of AIA Group, is seeking to make AIA the biggest company on the Hong Kong stock exchange, from its current position of “10th or 11th,” he told Sky News in an interview. AIA Group, American International Group Inc.’s Asian division, dropped 0.9 percent to HK$21.90.
Biostime International Holdings Ltd. (1112 HK): The Chinese provider of pediatric nutrition and baby-care products sold 150 million shares at HK$11 apiece in a Hong Kong initial public offering, raising HK$1.55 billion ($199 million), according to a statement. Trading starts today.
China Shenhua Energy Co. (1088 HK): The company, a unit of the nation’s largest coal producer, said November coal sales rose 32 percent to 27.8 million metric tons from a year earlier. The stock declined 1.1 percent to HK$30.85.
Sino-Ocean Land Holdings Ltd. (3377 HK): Cosco International Holdings Ltd. (517 HK), an investor in real estate and shipping services, said it will raise a net HK$5.23 billion selling shares in Beijing-based developer Sino-Ocean Land Holdings Ltd. The shares are priced at HK$5.60 each, compared with Sino-Ocean Land’s closing price of HK$5.08 yesterday, Cosco said.
Sino-Ocean Land slid 1.9 percent to HK$5.08. Cosco International gained 4.9 percent to HK$4.69.