March 21 (Bloomberg) -- The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close.
Singapore’s Straits Times Index lost 0.2 percent to 2,935.78.
Developers in China: China ordered banks to set aside more cash for the third time this year, judging that inflation remains a bigger threat to the world’s second-largest economy than Japan’s earthquake and nuclear crisis.
Reserve requirements will increase half a percentage point from March 25, the People’s Bank of China said March 18. The ratio will rise to 20 percent for the nation’s biggest banks, excluding any extra limits for individual lenders.
CapitaLand Ltd. (CAPL SP), which is Southeast Asia’s biggest real-estate company and gets 21 percent of sales from China, gained 1 percent to S$3.14. Guocoland Ltd. (GUOL SP), a real-estate company that counts China as its biggest market, slipped 0.4 percent to S$2.35. Yanlord Land Group Ltd. (YLLG SP), which gets all of its revenue from China, rose 0.7 percent to S$1.39.
Engro Corp. (EGCL SP): The Singapore-based supplier of building materials said it invested 26.4 million yuan ($4 million) in a venture with Wuhan Iron and Steel Corp. in China. Engro rose 1.2 percent to 84 Singapore cents.
Keppel Land Ltd. (KPLD SP): The real-estate unit of the world’s biggest builder of oil platforms said it submitted a winning bid of S$286.8 million ($225 million) for a residential site in a government auction. The property in the northeastern part of Singapore will have 630 homes when completed in 2015, it said. The stock lost 0.7 percent to S$4.09.
Hutchison Port Holdings Trust (HPHT SP): Deutsche Bank AG said it bought 70.5 million shares of Hutchison Port, the owner of port assets in Hong Kong and China, on March 18 when the stock started trading below its initial public offering price of $1.01. The German bank, DBS Group Holdings Ltd. and Goldman Sachs Group Inc. managed the share sale. Hutchison Port slumped 5.9 percent to 95 U.S. cents.
United Overseas Bank Ltd. (UOB SP): Singapore’s smallest bank by market value said it set up a unit, UOB Funding LLC, to sell $5 billion of U.S. commercial paper. The stock was unchanged at S$18.12.
To contact the reporter on this story: Jonathan Burgos in Singapore at email@example.com.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org.