By Berni Moestafa
By Berni Moestafa
July 1 (Bloomberg) -- The following companies may have unusual price changes in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close.
PT Bank Mandiri (BMRI IJ): Indonesia's largest financial services company agreed to buy a 51 percent stake in PT Tunas Financindo Sarana, the automobile finance unit of automotive retailer PT Tunas Ridean (TURI IJ). Bank Mandiri was unchanged at 2,600 rupiah, and Tunas Ridean was also unchanged at 1,000 rupiah.
PT Bisi International (BISI IJ): The Indonesian producer of rice and corn seeds said 2008 profit may increase by more than 150 percent on higher prices and production. Bisi declined 1.9 percent to 5,100 rupiah.
Citic Securities Co. (600030 CH): China Life Insurance Group, parent of the country's biggest insurer, cut its stake in Citic to 4.97 percent from 5.32 percent. Citic declined 2.6 percent to 23.92 yuan.
DRB-Hicom Bhd. (DRB MK): The Malaysian builder and auto assembler said it ended talks to sell its 51 percent stake in Uni.Asia Capital Sdn. to OSK Holdings Bhd. (OSK MK). DRB lost 3.5 percent to 96 sen. OSK fell 4.8 percent to 1.59 ringgit.
PT Sampoerna Agro (SGRO IJ): The Indonesian palm oil producer owned by billionaire Putera Sampoerna said it doesn't plan to sell new shares to fund an acquisition, denying a report yesterday by the Bisnis Indonesia newspaper. Sampoerna Agro fell 0.7 percent to 3,825 rupiah.
Samsung Electronics Co. (005930 KS): South Korea's biggest electronics maker will manage Samsung SDI Co.'s plasma-display business, Edaily reported, citing an unidentified company official. Samsung fell 2.8 percent to 625,000 won.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net.
Last Updated: June 30, 2008 14:30 EDT
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