Malaysian Stock Movers: Ebworx, Favelle Favco, Gopeng, Smartag

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index (FBMKLCI) rose 0.3 percent to 1,598.87, snapping a two-day decline. The gauge climbed 0.2 percent this week.

Ebworx Bhd. (EBWX) , a computer-software provider, rose 1.1 percent to 88.5 sen, a record close. Hitachi Ltd. plans to make a buyout offer for its shares at 90 sen each, Ebworx said in a statement. OSK Ventures International Bhd. (OSKV) , which owns 25.4 percent of Ebworx, said it will accept the offer. OSK Ventures gained 2.5 percent to 41.5 sen.

Favelle Favco Bhd. (FFB) , a crane maker, advanced 2.9 percent to 1.41 ringgit, its steepest increase since March 14. The company won orders totaling 102.1 million ringgit ($33 million), it said in a stock-exchange filing.

Gopeng Bhd. (GOP) , an oil-palm planter, jumped 9.7 percent to 79 sen, its largest gain since Aug. 17, 2010. The company proposed a final dividend of 9.8 sen per share, it said in an exchange filing.

Smartag Solutions Bhd. (SMTG) , a provider of radio- frequency identification technology, climbed 2.3 percent to 22.5 sen, the most since March 28. The company won a government contract to implement a mobile digital wallet system, it said in a statement.

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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