Jan. 24 (Bloomberg) -- The following companies may have significant price changes or were suspended in Hong Kong. Stock symbols are in parentheses. Share prices are as of the last close.
The Hang Seng Index fell 0.3 percent to 23,801.78. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, dropped 1.1 percent to 12,596.43.
China Resources Enterprise Ltd. (291 HK): Kirin Holdings Co., Japan’s second-largest brewer by volume, will form a venture with China Resources to expand in the world’s fastest-growing major economy. Kirin will invest $400 million in the venture, taking a 40 percent stake, while China Resources will own the remainder, according to a statement. Trading in China Resources, partner of SABMiller Plc, was suspended. The stock last traded at HK$30.70.
Zhong An Real Estate Ltd. (672 HK): The developer plans to sell senior notes to fund acquisitions of land and projects, according to a statement. The stock slid 1.1 percent to HK$1.83.
Shandong Chenming Paper Holdings Ltd. (1812 HK): The maker of paper products said net income rose 39 percent last year from a year earlier to 1.2 billion yuan (182 million yuan), according to a statement. The stock declined 3.4 percent to HK$6.46.
China Lumena New Materials Corp. (67 HK): Shareholders of the maker of thenardite are seeking to sell 340 million shares to raise as much as $127 million, according to the term sheet. The shares dropped 3 percent to HK$3.14.
Zhaojin Mining Industry Co. (1818 HK): The gold producer expects full-year financial results to increase “significantly” from a year earlier on higher gold price and output, according to a statement to the Hong Kong stock exchange. The stock declined 2.4 percent to HK$28.90.
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