Tuesday, June 19, 2007

China Life, Citic Resources, China Unicom: Asia Ex-Japan Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in Asian markets, excluding Japan. This preview includes news
that broke after markets closed. Prices are from the local
market's last close. Stock symbols are in parentheses after
company names.

Citic Resources Holdings Ltd. (1205 HK): The company owned
by China's fourth-largest oil producer said it will sell new
shares to Temasek Holdings Pte. for HK$450 million ($58 million)
to raise funds for expansion. Ellington Investments Pte. Ltd., a
wholly owned unit of Temasek, has conditionally agreed to
subscribe to 101 million new shares at HK$4.46 each, Citic
Resources said in an e-mailed statement. Citic climbed 3 cents,
or 0.7 percent, to HK$4.49 on June 15, its last trading day
before suspension. Trading in Citic shares will resume today.


Read more at Bloomberg Stocks News

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