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June 7 (Bloomberg) -- 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.
Air China Ltd. (753 HK): The nation’s biggest international carrier expects the opening of a bullet-train line from Beijing to Shanghai to have a “minimal” effect on its operations, Senior Vice President Zhao Xiaohang said in Singapore. High- speed trains have greater impact on shorter routes, Zhao said. Air China is based in Beijing. The shares dropped 2 percent to HK$7.70.
China Airlines Ltd. (2610 TT): Taiwan’s biggest carrier expects the government will announce an increase in mainland flights to more than 500 a week industrywide, Jenny Tsao, a general manager, said in Singapore. The announcement may come in the next few days, said Tsao, who’s attending the International Air Transport Association’s annual general meeting. China Airlines fell 0.3 percent to NT$18.95.
Hana Financial Group Inc. (086790 KS): The South Korean company said it hasn’t reached agreement with Lone Star Funds to delay the planned takeover of Korea Exchange Bank, a deal that’s been put on hold by regulatory hurdles in South Korea. Hana and the Dallas-based U.S. buyout fund haven’t finished negotiations on whether they will set a new deadline to complete the 4.7 trillion won ($4.35 billion) deal, Lee Jung Dae, a spokesman for Hana, said by telephone, without elaborating.
The companies, which agreed in November to close the transaction by May 24, will extend that deadline for six months, the Seoul Economic Daily reported on June 4. Hana rose 0.8 percent to 38,800 won. Korea Exchange Bank (004940 KS) gained 1.3 percent to 9,370 won.
MRC Allied Inc. (MRC PM): The Philippine company with investments in mining said it received a proposal from an Australian company to develop its mining property in the southern Philippine province of Surigao del Sur. Under the proposal, the Sydney-based company and a unit of MRC Allied will form a venture that will be listed in the Australian Stock Exchange with the Surigao tenement as primary asset, MRC Allied said in a stock exchange filing. The new company will have an initial valuation of $200 million, where MRC Allied will have a controlling share. MRC Allied lost 5.7 percent to 66 centavos.
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