Malaysian Stock Movers: Bina Puri, DRB-Hicom, Gamuda, Proton

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. trading break in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index (FBMKLCI) fell 0.1 percent to 1,520.15.

Bina Puri Holdings Bhd. (BIN) , a builder, climbed 1.7 percent to 89 sen, set for its highest close since Dec. 29. The company priced stock in a share sale at 1 ringgit each, a 14 percent premium to yesterday’s closing price of 87.5 sen, according to a stock exchange filing.

DRB-Hicom Bhd. (DRB) , an auto-assembler, added 1 percent to 2.10 ringgit, bound for its highest close since Dec. 13. The company has submitted an offer to buy a controlling stake in national carmaker Proton Holdings Bhd. (PROH) , DRB said in a statement. Proton rose 0.4 percent to 5.27 ringgit, set for its highest since Oct. 24, 2007.

Gamuda Bhd. (GAM) , a builder, gained 1.8 percent to 3.47 ringgit. The company was invited by China Railway Construction Corp. (601186 CH) to be its local partner in a group bidding for a Malaysian railway project, Gamuda wrote in an e-mail to Bloomberg News. The company was responding to a report in the Star newspaper today that said it’s part of a group that may be the front-runner for the 8 billion-ringgit ($2.6 billion) contract.

To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at ykgan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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