Ajiya, HeiTech, Lion, Sime Darby, Star: Malaysia Stock Preview
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 (FBMKLCI) Index fell less than 0.l percent to 1,582.35.
Ajiya Bhd. (AJY) : The Malaysian building materials maker agreed to buy a glass processing business for 7.6 million ringgit ($2.5 million), according to a company statement. The stock was unchanged at 1.75 ringgit.
HeiTech Padu Bhd. (HEIT) : The computer services company bought 1 million shares, or a 0.6 percent stake, in Grand-Flo Solution Bhd. (GFLO MK), raising its stake to 19 percent, it said in a stock filing. Grand-Flo was unchanged at 42.5 sen.
Lion Corp. (LION MK): The steel producer and builder is seeking approval from lenders to defer debt payments totaling 81.6 million ringgit by five months, it said in a statement. The debts include the redemption of a bond and a coupon payment on loan stocks, it said. The shares jumped 7.1 percent to 30 sen.
Sime Darby Bhd. (SIME) : The Employees Provident Fund, Malaysia’s largest pension fund, disclosed net sales of 6.8 million shares in the plantation, property and auto group, a stock exchange filing showed. Sime fell 0.3 percent to 9.25 ringgit.
Star Publications (Malaysia) Bhd. (STAR MK): The newspaper publisher agreed to pay 4.97 million ringgit for a 4.9 percent stake in Catcha Media Bhd., an online media and advertising sales company that is seeking a listing on the Kuala Lumpur stock exchange, it said in a statement. Star fell 0.6 percent to 3.38 ringgit.
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