Malaysia Stocks: Careplus Group, PacificMas, Scomi Engineering

Malaysia’s FTSE Bursa Malaysia KLCI Index gained 0.76 point, or 0.1 percent, to 1,501.74 at the 5 p.m. local-time close.

Careplus Group Bhd. (CPG MK), the Malaysian glove producer, jumped 17 percent to 27 sen on its first trading day. The company sold shares at 23 sen apiece in its initial public offering, according to its listing prospectus.

PacificMas Bhd. (PACM MK), an insurer and asset management group, advanced 7 percent to 4.60 ringgit, the biggest advance since May 14. PacificMas said it signed an agreement to sell its insurance unit to Fairfax Asia Ltd. for 219.1 million ringgit ($70 million).

Scomi Engineering Bhd. (SEB MK), a Malaysian engineering and transport equipment maker, surged 19 percent to 1.14 ringgit, the most in more than four months after accepting a 494 million- ringgit contract to supply coaches for a monorail extension in the country’s capital.

Seacera Tiles Bhd. (STB MK), a Malaysian ceramic-tile maker, fell 6.4 percent to 73 sen after announcing plans for a rights offer with warrants to raise funds for working capital and to repay debt.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net; 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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