Bloomberg News

Taiwan Stocks Movers: APCB, Catcher Technology, Shining Building

October 17, 2011

Oct. 17 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei. The Taiex Index gained 1.4 percent to 7,461.12.

APCB Inc. (6108 TT) slipped 3.7 percent to NT$22.45, its lowest close since Aug. 9. A unit in Thailand’s Ayutthaya province halted production since Oct. 15 because of floods, the Taiwan-based parent said in a statement to the stock exchange.

Catcher Technology Co. (2474 TT), a maker of metal casings for computers, tumbled 6.9 percent to NT$175, the biggest slump since Aug. 17. The company shut down a factory in Suzhou, China on the order of local authorities after residents complained of an odor near the facility, the Tainan, Taiwan-based company said in an exchange filing.

Cathay Financial Holding Co. (2882 TT) rose 1.5 percent to NT$34.45. The company’s banking unit signed a cooperation agreement with Bank of China Ltd. (3988 HK), according to a statement to the Taiwan stock exchange.

EVA Airways Corp. (2618 TT) climbed 3.1 percent to NT$20.20. The airline’s board approved plans to sell two MD-11 cargo planes, according to an exchange filing that didn’t provide details.

Shining Building Business Co. (5531 TT) gained 2 percent to NT$30.6. A unit of the company bought the rights to use 50,855 square meters of land in China’s Nanjing city for 678 million yuan, the Taiwan-based parent said in a statement to the local stock exchange.

--With assistance from Shikhar Balwani in Mumbai. Editor: Darren Boey

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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