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Malaysian Stocks: HeiTech, Kimlun, Proton, Shin Yang Shipping

By Gan Yen Kuan

Jan. 17 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses. Prices are as of the 5 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 0.7 percent to 1,519.36, snapping a two-day, 0.9 percent decline.

HeiTech Padu Bhd. (HEIT MK), a computer-services company, added 1 percent to 1.04 ringgit, set for its highest close since Jan. 5. The company secured a 63.6 million-ringgit ($20 million) contract to develop a banking software system for Bank Simpanan Nasional Bhd., HeiTech said in a statement.

Kimlun Corp. (KICB MK), a builder, climbed 3.8 percent to 1.37 ringgit, the steepest increase since Nov. 14. The company won an 82.1 million-ringgit contract to build serviced apartments in the southern Johor state, it said in a statement.

Proton Holdings Bhd. (PROH MK), the national carmaker, advanced 4.4 percent to 5.41 ringgit, the most since Jan. 9. DRB-Hicom Bhd. (DRB MK) agreed to buy Khazanah Nasional Bhd.’s 43 percent stake in Proton at 5.50 ringgit per share, and extended the offer to all remaining shareholders, according to stock exchange filings. DRB-Hicom fell 3.2 percent to 2.10 ringgit, the largest drop since Dec. 6.

Shin Yang Shipping Corp. (SHIN MK), a maritime-services provider, gained 4.3 percent to 60.5 sen, the steepest increase since Jan. 11. The company bought 70 percent of Hock Leong Shipping Sdn. for 2.1 million ringgit, according to a stock exchange filing.

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