Al-Hadharah, Berjaya, DRB, Emas, Pos: Malaysia Equity Preview

Shares of the following companies may have unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The FTSE Bursa Malaysia KLCI (FBMKLCI) Index fell 0.4 percent to 1,521.53.

Al-Hadharah Boustead REIT (BIRT) : The Islamic real estate investment trust, which owns and invests in plantation assets and mills, priced its placement units at 1.35 ringgit each. This is a 5.6 percent discount to its recent market price, the trust said in an exchange filing. Al-Hadharah was unchanged at 1.44 ringgit.

Berjaya Corp. (BC MK): The property and gaming group said Kim Eng Holdings Ltd. has asked the company about the possibility of Berjaya selling all of Inter-Pacific Securities Sdn. instead of just 70 percent to the Singapore brokerage. Berjaya will make an announcement on any changes to the earlier proposal to sell 70 percent of Inter-Pacific to Kim Eng, it said in a statement. Berjaya fell 1.8 percent to 1.07 ringgit.

DRB-Hicom Bhd. (DRB) : The builder and auto assembler has won a bid to buy Khazanah Nasional Bhd.’s 32.2 percent stake in Pos Malaysia Bhd. (POSM) for about 3.60 ringgit per share, the Business Times reported, citing people familiar with the matter it didn’t identify. Calls to DRB Managing Director Mohd Khamil Jamil outside of office hours were not answered. Asuki Abas, a spokesman for Khazanah, declined to comment when contacted. DRB fell 0.9 percent to 2.28 ringgit. Pos lost 1.2 percent to 3.45 ringgit.

Emas Kiara Industries Bhd. (EKI) : The building materials producer plans a special dividend of 12 sen a share, according to a company statement. The stock was unchanged at 73.5 sen on April 15.

LBS Bina Group Bhd. (LBS) : The property group agreed to buy a 19 percent stake in Jatidiri Gigih Sdn. for 13.1 million ringgit ($4.3 million). Jatidiri is a developer of 230 acres of land in Selangor state, according to a company statement. LBS was unchanged at 59 sen.

To contact the reporters on this story: 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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