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Malaysia Stocks: Berjaya, Premium Nutrients, Ramunia Holdings

By Chan Tien Hin

July 11 (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 fell 6.16 points, or 0.4 percent, to 1,588.58, its biggest drop since June 13.

Berjaya Corp. (BC MK), a property, insurance and gaming group, slid 3.2 percent to 1.21 ringgit, the biggest decline since June 6. Berjaya scrapped plans for a special dividend because of its plan to privatize unit Cosway Corp., it said in a statement.

Premium Nutrients Bhd. (PRNB MK) dropped 8.5 percent to 21.5 sen, the steepest loss since July 5, after the company, which sold its palm oil processing units, said it risked being delisted if it doesn’t find a new business.

Ramunia Holdings Bhd. (RH MK), an oil and gas services provider, rose 3.6 percent to 43.5 sen, the largest rally since June 9, after agreeing to buy a production and storage vessel for $82.5 million.

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