By Chan Tien Hin
Oct. 5 (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.
Malaysia’s FTSE Bursa Malaysia KLCI Index fell 0.5 percent to 1,361.38.
AirAsia Bhd. (AIRA MK): The Employees Provident Fund, Malaysia’s biggest pension fund, sold 6 million shares in Asia’s biggest listed budget carrier, an exchange filing showed. AirAsia dropped 1.7 percent to 2.92 ringgit.
Dayang Enterprise Holdings Bhd. (DEHB MK): The Malaysian oil and gas company said it may buy a strategic stake in Perdana Petroleum Bhd. (PETR MK), an offshore marine support provider. Dayang is in “exploratory” talks with Perdana and no agreement has been reached yet, Dayang said in a statement. Dayang was unchanged at 1.52 ringgit. Perdana fell 2.4 percent to 61.5 sen.
Xian Leng Holdings Bhd. (XLH MK): The exporter of Arowana fish announced “possible” financial irregularities relating to capital expenditure of 17.4 million ringgit ($5.4 million). The company’s board will appoint an independent party to conduct a special audit to ascertain the exact nature and extent of such irregularities within two weeks, it said in a statement. The stock last traded at 42 sen on Sept. 30.
YTL Corp. (YTL MK): The Malaysian utilities, cement and property group spent 7.5 million ringgit buying back 5.5 million of its own shares, a stock exchange filing showed. YTL fell 1.5 percent to 1.32 ringgit.