By Chan Tien Hin
July 8 (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 fell 0.1 percent to 1,590.24.
Bolton Bhd. (BOL MK): The property developer spent 5.8 million ringgit ($$1.9 million) buying back 5.8 million of its own shares, according to a stock filing. The shares added 4.6 percent to 1.13 ringgit.
Berjaya Corp. (BC MK): The property, insurance and gaming group said it was considering privatizing and delisting unit Cosway Corp. Ltd. for HK$1.10 per share, according to a stock exchange statement. Berjaya currently owns about 55.5 percent of Cosway, it said. The shares fell 0.8 percent to 1.24 ringgit.
Cahya Mata Sarawak Bhd. (CMS MK): The construction company said it will partner OM Materials (S) Pte. to build a manganese ferro silicon smelting plant in Malaysia’s Sarawak state at a cost of $450 million. The plant will have an annual capacity of 600,000 metric tons, Cahya said in a statement. Cahya gained 0.9 percent to 2.18 ringgit.
KKB Engineering Bhd. (KKB MK): The Malaysian engineering and construction group won an earthworks contract valued at 70 million ringgit from OM Materials (Sarawak) Sdn., according to a company statement. KKB lost 1.5 percent to 1.93 ringgit.
LPI Capital Bhd. (LPI MK): The Malaysian insurer said profit in the second quarter ended June 30 rose 19 percent from a year earlier to 31.4 million ringgit, according to a company statement. LPI added 0.2 percent to 13.80 ringgit.
SMR Technologies Bhd. (SMRT MK): The computer software developer proposed to sell a 10 percent stake in a private share placement to raise as much as 1.95 million ringgit, it said in a statement. The money raised will be used for working capital, it said. The stock fell 3.6 percent to 13.5 sen.
YTL Power International Bhd. (YTLP MK): Japan’s Marubeni Corp. will invest $228 million in YTL Jawa Power Holdings Ltd., which owns a 35 percent stake in a 1,220 megawatt power station in Indonesia, YTL Power, parent of YTL Jaya, said in a filing. YTL Power dropped 0.5 percent to 2.16 ringgit.