Asiana, Hon Hai, PetroChina, RHB: Asia Ex-Japan Stock Preview
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. Philippine financial markets are shut today for a holiday.
Ace Technologies Corp. (088800) (088800 KS): The communication equipment parts maker plans to sell 2.96 million new preferred shares to raise 12.5 billion won, according to a regulatory filing by the South Korean company. Ace will also sell 12.5 billion won of bonds with warrants, it said. The stock fell 0.9 percent to 4,660 won.
Asiana Airlines (020560) Inc. (020560 KS): Asiana will buy three units of Korea Express Co. (000120 KS) -- Aas Airport Service, Asiana Airport Development Co. and Kumho Terminal Co. -- according to a regulatory filing. Asiana will purchase Kumho Terminal for 255.5 billion won, Asiana Airport Development for 67.7 billion won and Aas Airport Service for 38.3 billion won. Asiana fell 2 percent to 9,570 won. Korea Express gained 0.4 percent to 115,000 won.
Hon Hai Precision Industry Co. (2317 TT): Hon Hai Group will invest in 19 projects in the northern Chinese province of Henan, the official Xinhua News Agency reported June 17, citing Chairman Terry Gou. Hon Hai has started producing Apple Inc.’s iPhone 4 in the city of Zhengzhou, the report said. Hon Hai Precision, the largest contract maker of electronics and the group’s flagship, gained 0.3 percent to NT$98.70.
PetroChina Co. (857 HK): China’s biggest energy company continues to support the natural gas business of its Hong Kong- listed subsidiary, Kunlun Energy Co. (135 HK), said Mao Zefeng, the Beijing-based spokesman of PetroChina. PetroChina rose 1.5 percent to HK$10.88. Kunlun fell 5.8 percent to HK$12.72.
RHB Capital Bhd. (RHBC) : Abu Dhabi Commercial Bank PJSC, the United Arab Emirates’ third-biggest bank, agreed to sell its 24.9 percent stake in Malaysian lender RHB to Aabar Investments PJSC at 10.80 ringgit a share, according to a statement. RHB fell 0.9 percent to 9.75 ringgit.
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