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Berjaya, Prestariang, Telekom, Uzma: Malaysia Equity Preview

By Chan Tien Hin

July 27 (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 0.1 percent to 1,561.77.

Berjaya Food Bhd. (BFD MK): The Malaysian restaurant operator agreed to form a joint venture with PT Mitra Samaya to develop and operate a Kenny Rogers Roasters franchise on Java Island and Bali, Indonesia, according to a company statement. Berjaya Food was unchanged at 86 sen.

Biosis Group Bhd. (BGH MK): The personal-care products maker said it has fixed an issue price of 50 sen a share for its private placement of as much as 8 million new shares, it said in a statement. Biosis rose 1.6 percent to 32 sen.

Prestariang Bhd. (PRES MK): Shares of the Malaysian communications software company will make its debut on the Kuala Lumpur stock exchange. The company sold shares at 90 sen each in its initial public offering.

Perusahaan Sadur Timah Malaysia Bhd. (PER MK): The maker of tin plates used to make cans and other forms of packaging said profit in the first quarter ended June 30 fell 39 percent from a year earlier to 14.7 million ringgit ($5 million), according to a company statement. Perusahaan Sadur, or Perstima, added 0.5 percent to 4.15 ringgit.

Sarawak Cable Bhd. (SRCB MK): The power cables and wires manufacturer agreed to form a joint venture with the Malaysian unit of ABB Ltd. to submit a bid for the construction of a substation in Sarawak state, according to a stock exchange filing. Sarawak Cable rose 3.2 percent to 1.95 ringgit.

Scanwolf Corp. (SCW MK): The plastics maker said three of its directors have signed a preliminary agreement to sell their combined stake of 32 percent to MKL Resources (L) Ltd. for 13.1 million ringgit, according a stock filing. The stock fell 1.1 percent to 44.5 sen on July 25.

Telekom Malaysia Bhd. (T MK): The national fixed-line and Internet services provider raised 468.3 million ringgit by selling 92.36 million shares in Axiata Group Bhd. (AXIATA MK), according to a company statement. The shares were offered to foreign institutional investors at 5.07 ringgit each, it said. Telekom may sell its balance 807 million shares in Axiata the open market, it said. Telekom was unchanged at 3.99 ringgit. Axiata rose 0.6 percent to 5.13 ringgit.

Uzma Bhd. (UZMA MK): The oil and gas engineering services provider said it won a 170 million-ringgit contract to provide integrated equipment and services for an idle well reactivation project. Uzma received the contract from Petronas Carigali Sdn., it said in a statement. Uzma rose 3.7 percent to 1.98 ringgit.

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