By Chan Tien Hin
April 19 (Bloomberg) -- Shares of the following companies may have unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
The FTSE Bursa Malaysia KLCI Index rose 0.4 percent to 1,527.92.
CapitaMalls Malaysia Trust (CMMT MK): The retail property trust reported a profit of 31.4 million ringgit ($10.4 million) in the first quarter ended March 31. The company achieved a distributable income of 26 million ringgit, it said in a statement. There are no comparable year-earlier figures as the company was established in June 2010, it said. The stock was unchanged at 1.12 ringgit.
EP Manufacturing Bhd. (EPMB MK): Horizon Growth Fund NV has emerged as a substantial shareholder of the Malaysian auto-parts maker after buying 8.7 million shares, or a 5.4 percent stake, an exchange filing showed. The stock was unchanged at 67.5 sen.
Ken Holdings Bhd. (KEN MK): The property developer said first-quarter profit surged fourfold from a year earlier to 5.08 million ringgit on higher sales, according to a stock exchange filing. The stock gained 4.4 percent to 1.20 ringgit.
Malayan Banking Bhd. (MAY MK): Malaysia’s biggest bank by assets secured approval from the Securities Commission to issue as much as $2 billion of multi-currency medium-term notes, which will be used for working capital, general banking and corporate purposes. The program will allow the lender to issue from time to time notes in currencies other than the ringgit, it said in a statement. Maybank, as the bank is known, was unchanged at 8.71 ringgit.
Poly Glass Fibre (M) Bhd. (PGF MK): The manufacturer of fiber glass wool agreed to sell a warehouse and office building to PM Steel and Alloys Industries Sdn. for 13 million ringgit, according to a company statement. The shares were unchanged at 36.5 sen on April 14.
Seremban Engineering Bhd. (SERES MK): The maker of process equipment and metal structures proposed a share buyback of as much as 10 percent of its outstanding capital, according to a company statement. The stock dropped 3.2 percent to 60 sen.
United Malayan Land Bhd. (UML MK): The property developer will partner Singapore-based Raffles Campus Pte. to build an international school in the southern state of Johor, according to a company statement. The project is estimated to cost 35 million ringgit to build, the company said. The stock fell 0.5 percent to 1.89 ringgit.
Zhulian Corp. (ZHCB MK): The multi-level marketing company’s first-quarter net income fell 14 percent from a year earlier to 21.3 million ringgit because of lower profit margins, according to a company statement. Zhulian was unchanged at 1.78 ringgit.