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CIMB, Faber, Gopeng, KNM, Masterskill: Malaysia Equity Preview

By Chan Tien Hin

Jan. 13 (Bloomberg) -- 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 0.2 percent to 1,566.49.

CIMB Group Holdings Bhd. (CIMB MK): Malaysia’s second-biggest bank by assets said it’s not involved in any discussions relating to a possible acquisition or merger with Affin Bank Bhd. or any of its related companies. CIMB advanced 0.1 percent to 8.78 ringgit. Affin Holdings Bhd. (AHB MK), which owns Affin Bank, rose 1.4 percent to 3.59 ringgit.

Faber Group Bhd. (FAB MK): The hospital support services provider and property group said the emirate of Abu Dhabi didn’t renew the company’s annual civil, mechanical and electrical maintenance contracts totaling 55 million ringgit ($18 million), according to a company statement. Faber added 0.4 percent to 2.63 ringgit.

Gopeng Bhd. (GOP MK): The investment holding company declared a special interim dividend of 35 sen a share following the sale of its stake in a cement business, according to a stock exchange statement. Gopeng gained 0.8 percent to 1.29 ringgit.

KNM Group Bhd. (KNMG MK): The Employees Provident Fund bought 1.2 million shares in KNM, an oil and gas services provider, a stock exchange filing showed. The purchases raised the EPF’s stake to 8.4 percent, according to the filing. KNM climbed 5 percent to 3.17 ringgit.

Masterskill Education Group Bhd. (MASEG MK): FMR LLC, parent of Fidelity Investments, sold 3.8 million shares in Masterskill, Malaysia’s largest operator of non-government nursing colleges, a stock exchange filing showed. Masterskill slumped 4.1 percent to 2.34 ringgit.

Wing Tai Malaysia Bhd. (WING MK): The property developer agreed to buy a plot of land in Kuala Lumpur for 75 million ringgit, according to a company statement. The stock fell 0.5 percent to 1.89 ringgit.

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