The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Li & Fung Ltd. said orders are picking up in the U.S., its biggest market, after the world’s largest supplier of clothes and toys to retailers reported a bigger-than-expected jump in 2011 profit. The stock surged.
Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, is raising HK$3.9 billion ($502 million) in its biggest share sale since listing in 1992 as the company seeks acquisitions to spur growth.
Li & Fung Ltd., the world’s biggest supplier of clothes and toys to retailers including Wal-Mart Stores Inc., rose the most in more than a year in Hong Kong trading after first-half profit beat all analysts’ estimates.
Li & Fung Ltd. , the biggest supplier to retailers including Wal-Mart Stores Inc. , is offering about HK$7 billion ($901 million) for a distribution company to gain a network in China. Both companies’ shares rose in Hong Kong.