GUH, Kumpulan Europlus, Signature: 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 1.2 percent to 1,551.89 yesterday.

GUH Holdings Bhd. (GUH MK): The printed circuit board- marker said its Hong Kong subsidiary agreed to construct a water treatment plant in China’s Jiangsu Province. A total of 180 million yuan ($27 million) will be invested in two phases, it said in a Kuala Lumpur exchange filing. GUH was unchanged at 1.17 ringgit.

Kumpulan Europlus Bhd. (KEUR MK): The builder priced its proposed placement at 1.22 ringgit per share. That’s a 10 percent discount to the stock’s average market price over the previous five trading sessions, the company said in a statement. Europlus gained 4.4 percent to 1.44 ringgit.

Salcon Bhd. (SALC MK): The water treatment operator said How See Hock quit as a director from Jan. 1 and will remain as chief executive officer of the company until March 2, according to a company statement. Salcon was unchanged at 71 sen.

Signature International Bhd. (SIGN MK): Soo Chee Siong ceased to be a substantial shareholder after selling 3.9 million shares in the kitchen and wardrobe systems supplier, an exchange filing showed. That’s a 3.3 percent stake, according to data compiled by Bloomberg. The buyer was HSC Healthcare Sdn., which increased its holding to 22 million shares, Signature said in a separate statement. The stock gain 1.9 percent to 80.5 sen.

To contact the reporters on this story: Barry Porter in Kuala Lumpur at bporter10@bloomberg.net; Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net.

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net

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