June 17 (Bloomberg) -- The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses and share prices are from the previous close, unless noted otherwise.
Boustead Singapore Ltd. (BOCS SP): The Singapore-based engineering company said it won contracts valued at S$23 million ($18.5 million) from the customers in the oil and gas industry in Australia, Singapore and Turkmenistan. Boustead declined 3.4 percent to 99.5 Singapore cents.
Cathay Financial Holding Co. (2882 TT): The Taiwanese company’s fund unit won approval to be a qualified foreign institutional investor from Chinese authorities, Reuters reported, citing a statement from President Jeff Chang. The company plans to apply for an investment quota of $100 million, Reuters said. The stock fell 1.3 percent to NT$44.60.
Cebu Air Inc. (CEB PM): The largest Philippine budget carrier expects profit this year to drop from 2010 amid higher fuel costs, President Lance Gokongwei said. The airline has ordered 37 Airbus SAS A320-family planes, the biggest aircraft deal for a Philippine carrier at $3.8 billion, Gokongwei also said. The stock gained 2.2 percent to 86.85 pesos.
Chien Wei Precise Technology Co. (8092 TT): The Taiwanese company plans to sell NT$120 million three-year secured convertible bonds to help repay bank loans, a stock-exchange filing showed. The stock fell 1.6 percent to NT$12.30.
Honam Petrochemical Corp. (011170 KS): Daesan MMA Corp., equally owned by Honam and Mitsubishi Rayon Co., plans to sell 14 million new shares to raise 70 billion won, according to a regulatory filing today from the South Korea-based company. Honam sank 3.8 percent to 368,500 won.
KTCS Corp. (058850 KS): The provider of phone directory assistance and call center services plans to buy back 3.8 million shares to stabilize its stock prices, according to a regulatory filing by the South Korean company. The stock rose 0.3 percent to 1,975 won.
Merge Energy Bhd. (MEB MK): The construction company received a 38.1 million-ringgit contract from the East Coast Economic Region Development Council to build a water-treatment facility in Malaysia’s Pahang state, according to a company statement. The stock last traded at 33 sen on June 3.
National Australia Bank Ltd. (NAB AU): The bank sold A$2 billion ($21.1 billion) of five-year bonds, according to an e-mailed statement. The floating-rate notes, maturing June 2016, were priced to yield 117 basis points more than the swap rate, according to the statement. The stock fell 1.6 percent to A$24.26.
NiHao Mineral Resources International Inc. (NI PM): The Philippine minerals explorer extended 11 million pesos in advances to Oriental Vision Mining Philippines Inc. by reallocating funds it set aside for examination of projects and acquisitions, a stock-exchange filing showed. NiHao also sold shares in two mining companies so it can focus on its partnership with Oriental Vision, it said. The stock was unchanged at 2.14 pesos.
PT Energi Mega Persada (ENRG IJ): Indonesia’s second-largest listed oil company plans to refinance as much as $200 million of debt due in 2013, President Director Imam Agustino said in Jakarta. Shareholders yesterday approved the company’s plan to pledge assets for the debt refinancing, Agustino said. Energi Mega fell 2.1 percent to 189 rupiah.
STX OSV Holdings Ltd. (SOH SP): The world’s biggest maker of oil-rig support vessels by sales said it agreed to establish a joint venture company with Norway’s Industrial Control Design AS for the development of offshore handling equipment. The stock rose 1.7 percent to S$1.21.
To contact the reporter on this story: Ian C. Sayson in Manila at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com