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.
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