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 fell 0.2 percent to 1,522.75 on April 22.
Ajiya Bhd. (AJY MK): The Malaysian building materials maker said first quarter net income fell 35 percent from a year earlier to 3.67 million ringgit ($1.2 million), according to a company statement. The stock slid 1 percent to 1.93 ringgit.
Asiaep Bhd. (AEP MK): The e-commerce solutions provider priced shares in its placement at 10 sen each, a premium to its recent average market price of 6 sen, according to an exchange filing. Asiaep was unchanged at 6.5 sen.
DRB-Hicom Bhd. (DRB MK): The automotive, construction and banking group will buy Khazanah Nasional Bhd.’s 32.2 percent stake in Pos Malaysia Bhd. (POSM MK) for 622.8 million ringgit, or 3.60 ringgit a share, Khazanah said in an e-mailed statement. DRB fell 0.9 percent to 2.30 ringgit, while Pos gained 0.6 percent to 3.37 ringgit.
HPI Resources Bhd. (HPI MK): The manufacturer of corrugated board and other packaging products said profit in the third-quarter ended Feb. 28 more than doubled from a year earlier to 6.94 million ringgit, according to a company statement. HPI climbed 1.7 percent to 3.70 ringgit.
Iris Corp. (ICB MK): The Malaysian supplier of smart cards received a $150 million contract from the Tanzanian government to provide national identity cards, according to a company statement. Iris was unchanged at 19 sen.
Kuala Lumpur Kepong Bhd. (KLK MK): The palm oil planter sold its remaining 40 percent stake in Barry Callebaut Malaysia Sdn. for 117.7 million ringgit, according to a stock exchange filing. The stock rose 0.7 percent to 20.84 ringgit.
Nestle (Malaysia) Bhd. (NESZ MK): The unit of the world’s biggest food company will invest 115 million ringgit in a factory in Malaysia to produce breakfast cereal products, according to a stock exchange filing. The plant will be built next to its existing factory in Negeri Sembilan state, the company said. Nestle was unchanged at 48 ringgit.
Permaju Industries Bhd. (PERM MK): The timber group’s Capital Intertrade Sdn. unit was appointed a sales dealer of Ford vehicles by Sime Darby Auto Connexion Sdn., according to a company statement. Permaju fell 1.3 percent to 39.5 sen.
Ranhill Bhd. (RANH MK): The highways and construction group’s Ranhill Power Sdn. unit will sell as much as 800 million ringgit of Islamic bonds in two tranches, according to a company statement. The stock rose 2 percent to 75 sen.