Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Malaysia Equity: Golden Land, HDM-Carlaw, Inix Technologies, Pos

March 10 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur, unless stated otherwise.

The FTSE Bursa Malaysia KLCI Index fell 6.78, or 0.4 percent to 1,516.91.

Golden Land Bhd. (GLBH MK) gained 1.8 percent to 1.12 ringgit, the highest close since Feb. 28. The plantation company plans to apply for economic concession rights to about 11,827 hectares in Cambodia to expand its land bank for palm oil cultivation, it said in a statement.

HDM-Carlaw Corp. (HDMC MK) slumped 60 percent to a record low of 1 sen. Bursa Malaysia Bhd., the Kuala Lumpur stock exchange operator, said shares of the developer of robotic automation systems will be suspended on March 17 and de-listed on March 21.

Inix Technologies Holdings Bhd. (INIX MK) gained 25 percent to 7.5 sen, the biggest advance since Oct. 7. The security systems provider said in a statement it plans to raise as much as 1.2 million ringgit ($400,000) through a private share placement.

Pos Malaysia Bhd. (POSM MK) climbed 4.9 percent to 3.20 ringgit, its biggest advance since Jan. 19. Khazanah Nasional Bhd. may complete a sale of its 32.2 percent stake in the postal services company by April 12, the Star newspaper said. Mohd Asuki Abas, a Khazanah Nasional spokesman, declined to comment when phoned by Bloomberg today.

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.