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DRB, Gefung, Guocoland, Ramunia, UEM: Malaysia Equity Preview

By Barry Porter

April 14 (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 0.6 percent to 1,535.59 yesterday.

DRB-Hicom Bhd. (DRB MK): The automotives assembler will help conduct hire purchase inspections on vehicles for the Malaysian government, according to an exchange filing. DRB increased 4 percent to 2.33 ringgit.

Gefung Holdings Bhd. (GFHB MK): The marble and granite products maker revised terms of a planned par value reduction of its shares and accompanying rights issue to raise funds to recapitalize the company, according to an exchange filing. Gefung last traded on April 8, falling 2.7 percent to 18 sen.

Guocoland (Malaysia) Bhd. (GUOL MK): The property developer reported a narrower third-quarter loss of 3.6 million ringgit from 5.6 million ringgit a year earlier, according to an exchange filing. Guocoland climbed 0.8 percent to 1.30 ringgit.

Ramunia Holdings Bhd. (RH MK): The Malaysian oil and gas services provider said it signed an agreement with SEW Infrastructure Ltd. to bid jointly bid for contracts in India. The partnership is for an initial two years, it said in a Kuala Lumpur exchange filing. Ramunia rose 3.3 percent to 63.5 sen.

UEM Land Holdings Bhd. (ULHB MK): The real estate developer said its joint venture was appointed by the Johor state government to provide management and maintenance services for the first phase of Kota Iskandar. The project includes offices for the regional government and chief minister as well as a state assembly building, UEM said in a statement. The stock rose 1.1 percent to 2.78 ringgit.

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