Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI Index advanced 0.6 per cent to 1,489.64, rising for a third day.
Cuscapi, a Malaysian software provider, fell 2.2 per cent to 44.5 sen after pricing its private placement at 43 sen a share, below the two-week average share price of 44.7 sen.
Hibiscus Petroleum Bhd, a Malaysian oil and gas industry investor, rose 2 per cent to 78 sen. The company was asked by the Kuala Lumpur stock exchange to explain a recent jump in its share price and trading volume. The stock increased 18 per cent yesterday. Hibiscus last month agreed to buy a 35 per cent stake in Lime Petroleum Plc for US$55 million.
KPS Consortium, which makes and trades paper products, rose 6.8 per cent to 31.5 sen as it plans to buy an office and a warehouse for RM9.8 million (US$3.15 million).
Kumpulan Jetson, a Malaysian builder, jumped 8.8 per cent to RM1.36, the most since March 23. The company plans to pay RM11 million to buy Asian Corporation Ltd, which owns Jetson Yangzhou, a maker of anti-vibration products for China’s car market.
Sanichi Technology Bhd, a Malaysian precision moulds and toolings company, increased 5.6 per cent to 9.5 sen, the highest close since Aug. 4. Sanichi confirmed that a German company called Protev had completed the first phase of a due diligence before buying a stake in the group.
Yung Kong Galvanising Industries Bhd, a manufacturer of steel products, dropped 4.6 per cent to 41.5 sen after reporting a net loss in the third quarter of RM4.7 million (US$1.5 million), compared with a profit of RM1.8 million a year earlier. -- Bloomberg
The FTSE Bursa Malaysia KLCI Index advanced 0.6 per cent to 1,489.64, rising for a third day.
Cuscapi, a Malaysian software provider, fell 2.2 per cent to 44.5 sen after pricing its private placement at 43 sen a share, below the two-week average share price of 44.7 sen.
Hibiscus Petroleum Bhd, a Malaysian oil and gas industry investor, rose 2 per cent to 78 sen. The company was asked by the Kuala Lumpur stock exchange to explain a recent jump in its share price and trading volume. The stock increased 18 per cent yesterday. Hibiscus last month agreed to buy a 35 per cent stake in Lime Petroleum Plc for US$55 million.
KPS Consortium, which makes and trades paper products, rose 6.8 per cent to 31.5 sen as it plans to buy an office and a warehouse for RM9.8 million (US$3.15 million).
Kumpulan Jetson, a Malaysian builder, jumped 8.8 per cent to RM1.36, the most since March 23. The company plans to pay RM11 million to buy Asian Corporation Ltd, which owns Jetson Yangzhou, a maker of anti-vibration products for China’s car market.
Sanichi Technology Bhd, a Malaysian precision moulds and toolings company, increased 5.6 per cent to 9.5 sen, the highest close since Aug. 4. Sanichi confirmed that a German company called Protev had completed the first phase of a due diligence before buying a stake in the group.
Yung Kong Galvanising Industries Bhd, a manufacturer of steel products, dropped 4.6 per cent to 41.5 sen after reporting a net loss in the third quarter of RM4.7 million (US$1.5 million), compared with a profit of RM1.8 million a year earlier. -- Bloomberg
