Carotech, H-Displays, Pasdec, Sunway: Malaysia Equity Preview

The following companies may have unusual price changes in Malaysia trading. Stock symbols are in parentheses, and share prices are from the most recent close. Malaysia’s FTSE Bursa Malaysia KLCI Index rose 1 percent to 1,533.42.

Carotech Bhd. (CARO MK): The health-care products supplier said it asked a debt mediator for more time to implement a debt restructuring agreement. Carotech lost 7.7 percent to 6 sen.

H-Displays (MSC) Bhd. (HDIS MK): The maker of LCD display products said it’s evaluating options to restore its finances. The company has about five months to submit a plan to the stock exchange, it said in a statement. The stock was unchanged at 3 sen.

Maxbiz Corp. (MBIZ MK): The furniture maker said it failed to meet a deadline to submit an auditing assessment of its financial position to the stock exchange. The stock fell 15 percent to 20 sen on Dec. 30.

Pasdec Holdings Bhd. (PSD MK): The property developer said it agreed to buy the remaining 49 percent of Kimdec Corp. that it doesn’t already own for 17.6 million ringgit. Kimdec, a real estate developer, will be a wholly owned subsidiary of Pasdec after the acquisition, the company said in a statement. Pasdec fell 1.2 percent to 41.5 sen.

Sunway Holdings Bhd. (SGW MK): The construction and property group said it secured 218.8 million ringgit of building contracts from Haluan Prisma Sdn. and KLCC (Holdings) Sdn. The contracts include the main infrastructure works for a campus expansion and a building a bridge, the company said in a statement. Sunway was unchanged at 2.24 ringgit.

Star Publications (Malaysia) Bhd. (STAR MK): The newspaper publisher said named Ho Kay Tat as executive director. Ho was earlier appointed chief operating officer of the company in July, it said in a statement. Star also named Lee Fook Long as deputy chairman to replace Clement Hii Chii Kok, the company said. Star added 0.6 percent to 3.33 ringgit.

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: Reinie Booysen at rbooysen@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.