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Hongkong Land, Keppel, Olam International: Asian Stocks Preview

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Dec. 22 (Bloomberg) -- The following companies may have unusual price changes in Asian trading tomorrow. 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.

Blue Star Ltd. (BLSTR IN), a maker of air-conditioning and refrigeration systems, gets an 840 million-rupee order for Bangalore metro rail project. The stock rose 0.6 percent to 159.7 rupees.

Hongkong Land Holdings Ltd. (HKL SP): The company said it bought a residential site in China’s Chongqing city for 3.86 billion yuan ($609 million). Hongkong Land rose 1.1 percent to $4.69.

Keppel Corp. (KEP SP): The world’s biggest builder of oil platforms said its Fernvale unit won a contract valued at $809 million to build a semi-submersible drilling rig for Urca Drilling BV. The stock added 0.3 percent to S$9.25.

Olam International Ltd. (OLAM SP): The Singapore-based producer of agricultural commodities said it’s planning to buy a 75.2 percent stake in Macao Commodities Trading SL, a supplier of cocoa, dried fruits, vegetables fats and dairy products in the Iberian region, for 15 million euros ($20 million). Olam slipped 0.9 percent to S$2.17.

Punj Lloyd Ltd. (PUNJ IN), an Indian engineering company, said it got two orders worth a total 3.66 billion rupees. The stock climbed 4.9 percent to 39.95 rupees.

Shangri-La Asia Ltd. (69 HK): Shangri-La Hotel (Kowloon) Ltd. bought a hotel site in Hong Kong’s Hung Hom area for HK$2.3 billion ($296 million) through a government tender, according to an e-mailed statement. Shangri-La Asia gained 0.9 percent to HK$13.32.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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