Bloomberg News

Taiwan Stock Movers: Long Bon International, Tung Ho Steel

December 30, 2011

Dec. 30 (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 was little changed at 7,072.08. The gauge slid 21 percent this year, the biggest annual drop since 2008.

Long Bon International Co. (2514 TT), a provider of insurance products, advanced 1 percent to NT$10.65, halting a three-day retreat. The company plans to sell NT$600 million ($19.8 million) of five-year unsecured convertible bonds, according to a statement to the stock exchange.

Tung Ho Steel Enterprise Corp. (2006 TT) dropped 1.1 percent to NT$26.60, the steepest loss since Dec. 19. The steelmaker was cut to “neutral” from “buy” at Jih Sun Securities by equity analyst Rita Hsueh.

--Editor: Shiyin Chen

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

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


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