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Malaysia Stock Movers: Gadang Holdings, Hing Yiap Group, Zhulian

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July 12 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index fell 0.2 percent to 1,625.49, its first decline in three days.

Gadang Holdings Bhd. (GADG MK), a property and construction group, advanced 1.7 percent to 60.5 sen, its highest close since June 29. The company got an 863.4 million-ringgit ($271 million) contract from Mass Rapid Transit Corp. to build a viaduct guideway, it said in a statement.

Hing Yiap Group Bhd. (HYGB MK), an apparel trader, surged 13 percent to 1.90 ringgit, its largest gain since March 11, 2009. The company agreed to buy six units of Asia Brands Corp. for 245 million ringgit in cash and new shares to strengthen its market share and widen its earnings base, Hing Yiap said in an exchange filing.

Zhulian Corp. (ZHCB MK), a multi-level marketing company, gained 1.9 percent to 2.14 ringgit, its highest close since June 21, 2010. Second-quarter net income grew 39 percent from a year earlier to 29.2 million ringgit, the company said in a stock-exchange filing.

To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at ykgan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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