By Berni Moestafa
Dec. 8 (Bloomberg) -- The following companies may have unusual price changes today in Asia trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
Bank of China Ltd. (3988 HK): China Ocean Shipping Group Co. said it had been granted a 74.5 billion yuan ($10.8 billion) credit line by the nation’s fourth-largest bank by assets. Bank of China added 7 cents, or 3.1 percent, to HK$2.35.
Baosteel Group Corp. (600019 CH): China’s biggest steelmaker said the global economic slowdown won’t deter its plans for a 60 billion yuan ($8.7 billion) steel plant project in Zhanjiang, Guangdong province. Baosteel rose 0.07 yuan, or 1.3 percent, to 5.49.
Formosa Petrochemical Corp. (6505 TT): Taiwan’s only publicly traded oil refiner plans to raise NT$18 billion ($537 million) from the sale of bonds. The company plans to issue unsecured corporate bonds with a maturity of not more than seven years, the company said. Formosa declined 60 cents, or 0.9 percent, to NT$69.2.
Regent Manner International Holdings Ltd. (1997 HK): The Hong Kong-based service provider to the electronics manufacturing industry said November sales fell 33 percent from a year earlier. Net consolidated turnover was $28.5 million, compared with $42.5 million in November 2007, the company said. Regent Manner declined 1 cent, or 1.6 percent, to 61 cents.
Yanzhou Coal Mining Co. (1171 HK): China’s fourth-biggest producer of the fuel said it conducted studies on potential projects and has yet to make a final decision on any acquisitions. The Australian Financial Review newspaper reported Yanzhou Coal was in talks to buy Brisbane-based Felix Resources Ltd. for more than A$3 billion ($1.9 billion). Yanzhou, which suspended trading of its shares on Dec. 5 because of “price-sensitive information,” was unchanged at HK$4.29.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net
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