Bloomberg News

Malaysian Stocks: Asia Media, SEG International, VTI Vintage

April 03, 2012

Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. trading break in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index (FBMKLCI) rose 0.2 percent to 1,607.55, extending a four-day rally to a record.

Asia Media Group Bhd. (AMGB) (AMGB MK), an advertising services provider, climbed 3 percent to 34 sen, bound for its highest close since March 7. The company proposed to transfer its listing to the Main Market from the ACE market, it said in a stock-exchange filing.

SEG International Bhd. (SYS) , a college operator, fell 1.1 percent to 1.78 ringgit. President Patrick Teoh Seng Foo and two directors quit after Navis Capital Partners Ltd., through Pinnacle Heritage Solutions Sdn., emerged as a substantial shareholder of the company, SEG said in a statement. Pinnacle Heritage and SEG haven’t decided on matters involving equity interests or a buyout, according to the statement.

VTI Vintage Bhd. (VTI) , a construction company, plunged 70 percent to 1.5 sen, poised to close at a record low. The company’s regularization plan was rejected by the stock exchange, according to an exchange filing. Its shares will be suspended from April 10 and delisted on May 4 if there is no appeal submitted against the regulator’s decision, VTI said.

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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