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Malaysia Stock Movers: Bina Puri, CB Industrial, Ho Wah Genting

By Chan Tien Hin

June 2 (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.

The FTSE Bursa Malaysia KLCI Index rose 1.62 points, or 0.1 percent, to 1,558.04.

Bina Puri Holdings Bhd. (BIN MK), a builder, rose 2.5 percent to 1.23 ringgit, the steepest gain since May 13 after the company won contracts valued at 6.6 million ringgit ($2.2 million) to operate two power plants in Indonesia.

CB Industrial Product Holding Bhd. (CBP MK), a farm equipment maker, advanced 0.9 percent to 4.30 ringgit, its first gain in four days. CB Industrial agreed to sell two oil palm planters for 268.1 million ringgit, according to a stock exchange filing.

Ho Wah Genting Bhd. (HWG MK), a manufacturer of wires and cables, tumbled 12 percent to 43 sen, the lowest close since Jan. 12. The company proposed a one-for-four rights offer with warrants to raise as much as 68.4 million ringgit.

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