MALAYSIAN Resources Corp Bhd (MRCB) took the market by surprise this week. The developer of transportation hub KL Sentral announced that it is undertaking an almost RM2.2bil rights issue in an attempt to shore up its balance sheet.
The market did not respond well to the proposal, as the share price fell on a day when sentiment was already poor.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
