July 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.
Allianz Malaysia Bhd. (ALLZ MK): The insurer scrapped talks to buy a stake in Takaful Ikhlas Sdn. from MNRB Holdings Bhd. (MNRB MK), according to a company statement. Allianz rose 0.2 percent to 5.01 ringgit. MNRB added 1.4 percent to 2.90 ringgit.
Charter Hall Office REIT (CQO AU): Moss Capital named new directors and a management team for Charter Hall Office yesterday ahead of its bid to take over as trust manager, while existing manager Charter Hall Group (CHC AU) urged investors to vote against the change. Moss, in a presentation document to investors, named founder Bill Moss as potential chairman of a new board of directors and also appointed Waveland Financial, a Chicago-based commercial property advisory firm, to manage the sale of Charter Hall Office’s A$1.6 billion ($1.7 billion) of U.S. properties, should it win the shareholder vote. Charter Hall Office fell 0.6 percent to A$3.47. Charter Hall fell 0.9 percent to A$2.15.
HTC Corp. (2498 TT): Asia’s second-largest smartphone maker posted a record NT$17.5 billion ($608 million) profit in the second quarter, exceeding the average of 16 analyst estimates. HTC also said it will buy S3 Graphics Co. for $300 million from its current owners including VIA Technologies Inc. (2388 TT), according to a stock-exchange filing. HTC rose 3.3 percent to NT$1,095. Via Technologies, which will receive $147 million for its S3 Graphics stake, increased 5.8 percent to NT$35.70.
Hynix Semiconductor Inc. (000660 KS): LG Group and Dongbu Group haven’t considered bidding for a stake in Hynix, according to a regulatory filing. Hynix, the world’s second-largest computer-memory chipmaker, decreased 5.4 percent to 26,500 won.
Megawide Construction Corp. (MWIDE PM): The Philippine company’s board approved a plan to issue up to 3 billion pesos ($70 million) in fixed-rate notes, a stock-exchange filing showed. The stock rose 2.9 percent to 10.50 pesos.
MRC Allied Inc. (MRC PM): The Philippine developer said it plans to raise $50 million through a so-called private placement to fund the initial requirement of its Tampakan-Kiblawan mines in the southern Philippines. A unit that to be listed on the Sydney Stock Exchange may be valued at more than $400 million, it also said. The stock rose 6 percent to 44.5 centavos.
Quanta Computer Inc. (2382 TT): The world’s largest laptop maker expects losses of not more than NT$60 million after an employee embezzled funds, according to a company statement to the Taiwan stock exchange. The company has taken legal actions against the employee and there is no future financial impact as the embezzled fund was already recognized as expenses in the applicable accounting periods, it said. The stock gained 3.5 percent to NT$71.
San Miguel Corp. (SMC PM): The largest Philippine food and drinks company will likely reach agreement on an overseas acquisition in August, President Ramon Ang said in a mobile phone, without elaborating. Ang on June 7 said San Miguel is targeting a company in Asia that’s “very profitable” and has “big potential.” The stock advanced 2.4 percent to 125.90 pesos.
Tectonic Resources NL (TTR AU): The Australian mineral exploration company said Graham Anderson has temporarily assumed the post of chief financial officer with the resignation of Peter Simpson, a stock-exchange filing showed. The stock gained 5.1 percent to 6.2 Australian cents
--With assistance by Tien Hin Chan in Kuala Lumpur. Editor: John McCluskey.
To contact the reporter on this story: Ian C. Sayson in Manila at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org