Nov. 28 (Bloomberg) -- The following companies may have unusual price changes in Asian trading on Nov. 29. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Hong Kong developers, lenders: Newly approved home loans in the city fell 15 percent to HK$12.5 billion ($1.6 billion) in October from a month earlier, the Hong Kong Monetary Authority said in a statement posted on its website.
Hang Seng Bank Ltd. (11 HK), the lender partly owned by HSBC Holdings Plc (5 HK), gained 1.9 percent to HK$93.70. BOC Hong Kong (Holdings) Ltd. (2388 HK), the city’s second-biggest bank by assets, rose 1.6 percent to HK$16.90. Sun Hung Kai Properties Ltd. (16 HK), the world’s largest developer by market value, climbed 3.9 percent to HK$94.90. Cheung Kong Holdings Ltd. (1 HK), the real estate company controlled by billionaire Li Ka-shing, added 2.2 percent to HK$86.75.
DB Realty Ltd. (DBRL IN): The Mumbai-based developer’s Chief Financial Officer Asif Yusuf Balwa and operating officer Rajiv Agarwal got bail from an Indian court in a case related to the sale of mobile phone licenses in 2008. The stock jumped 4.3 percent to 71.1 rupees.
Escorts Ltd. (ESC IN): An Indian producer of tractors said net income fell 4.5 percent to 1.26 billion rupees from a year earlier, according to an exchange filing today. The shares rose 0.2 percent to 77.9 rupees.
Hung Hing Printing Group Ltd. (450 HK): Net income at the maker of paper and carton boxes sank 76 percent to HK$31 million in the six months ended Sept. 30 from a year earlier amid a “soft economic recovery in key global markets” and rising production costs in China, the company said in a statement to the Hong Kong exchange. The stock increased 1.2 percent to HK $1.72.
Hyundai Heavy Industries Co. (009540 KS): The South Korea-based shipbuilder received $22.9 billion worth of orders in the first 10 months of this year, 48 percent more than a year earlier, according to a regulatory filing. The stock rose 4.4 percent to 263,000 won.
L’Occitane International SA (973 HK): The first French company to list in Hong Kong posted net income of 29 million euros ($38.8 million) for the six months ended Sept. 30, compared with 30 million euros a year earlier, according to a statement to the Hong Kong stock exchange. The stock gained 4.1 percent to HK$15.42.
KDDI Corp. (9433 JT): The Japanese mobile network operator plans to buy back as much as 10.59 percent of its outstanding shares for up to 250 billion yen ($3.25 billion), according to a statement to the Tokyo Stock Exchange. The buyback is scheduled between Nov. 29 and Dec 30. The company rose 0.6 percent to 521,000 yen.
Komori Corp. (6349 JT): The maker of printing machines and equipment plans to buy back as much as 7.5 percent of its outstanding shares for up to 2.5 billion yen between Nov. 29 and Feb. 29, according to a statement to the Tokyo Stock Exchange. Komori gained 2.7 percent to 422 yen.
NGK Insulators Ltd. (5333 JT): The maker of electrical insulators and industrial ceramic products plans to pay as much as 4.15 billion yen to buy out Energy Support Corp. in a tender offer. The Japanese electric insulator maker will offer 360 yen for each Energy Support share, according to a statement to the Tokyo Stock Exchange. The company rose 3.8 percent to 827 yen.
Taisho Pharmaceutical Holdings Co. (4581 JP): The pharmaceuticals products maker plans to buy back as much as 3.38 percent of its outstanding shares for up to 15 billion yen, according to a statement to the Tokyo Stock Exchange. The buyback is scheduled between Dec. 1 and March 31. The company gained 1 percent to 4,685 yen.
TDK Corp. (6762 JT): The world biggest maker of magnetic heads for disk drives will end production of chip resonators at a plant in Japan because the business is unprofitable. The Japanese electronics maker will shut its Yuza plant on Sept. 30, 2012, according to a statement on its website. The company surged 5.2 percent to 3,770 yen.
Tokai Tokyo Financial Holdings Inc. (8616 JT): The securities company plans to buy back as much as 1.13 percent of its outstanding shares for up to 600 million yen, according to a statement to the Tokyo Stock Exchange. The buyback is scheduled between Nov. 29 and Dec 22. The company rose 0.5 percent to 187 yen.
Tokyo Electric Power Co. (9501 JT): The utility known as Tepco will sell all of its shares in KDDI back to the Japanese mobile network operator for 186.3 billion yen, generating an investment loss of 35.1 billion yen, according to a statement to the Tokyo Stock Exchange. The company fell 0.7 percent to 280 yen.
Toyota Motor Corp. (7203 JT): Toyota Kenya, a unit of Japan’s biggest automaker, said it expects to see its share of the East African country’s vehicle market rising to 27 percent next year from 26 percent this year. The unit will grow by manufacturing the Hilux and Hino models in 2012, Managing Director Hylton Bannon told reporters in Nairobi. Toyota jumped 2.9 percent to 2,483 yen.
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