Shares of the following companies may have unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close on Feb. 14, unless stated otherwise.
The FTSE Bursa Malaysia KLCI Index rose 0.7 percent to 1,505.33. The stock market was shut on Feb. 15 for a public holiday.
AirAsia Bhd. (AIRA MK): Southeast Asia’s biggest budget carrier is in talks to buy about 175 of the upgraded A320 jet planned by Airbus SAS, as well as some larger A330s, Chief Executive Officer Tony Fernandes said in an interview in Paris. AirAsia added 1.1 percent to 2.72 ringgit.
Century Software Holdings Bhd. (CSHB MK): Malaysia Venture Capital Management Bhd. said it ceased to be a substantial shareholder of Century Software after selling 7 million shares in the company, an exchange filing showed. Century Software jumped 13 percent to 1.21 ringgit.
Handal Resources Bhd. (HDL MK): The oil and gas crane- services provider and manufacturer said it will pay $3.75 million to acquire the use of the intellectual property rights of the “Seacrane” offshore pedestal crane product line. Handal gained 2.7 percent to 1.13 ringgit.
KrisAssets Holdings Bhd. (KRIS MK): The shopping mall operator signed a preliminary agreement to buy Mid Valley City Gardens Sdn., owner of the Gardens Mall in Kuala Lumpur, from parent IGB Corp. (IGB MK) at a price to be determined later. KrisAssets last traded at 3.90 ringgit before it was suspended on Feb. 11. IGB last traded at 2.32 ringgit.
Malaysia Building Society Bhd. (MBS MK): The mortgage financing provider plans to raise 500 million ringgit ($164 million) by selling new shares with warrants to existing shareholders, it said in a statement. The company also had a profit of 12.8 million ringgit in the fourth quarter, compared with a loss of 9.71 million ringgit a year earlier, it said in a separate statement. The shares were unchanged at 1.48 ringgit.
Multi-Purpose Holdings Bhd. (MPU MK): The gaming and financial services group said preliminary plans to re-list Magnum Holdings Sdn. has been “placed on hold” for the time being. The shares gained 2.6 percent to 2.73 ringgit.
To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org