<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 3): Malaysian Resources Corp Bhd (MRCB) fell as much as 5.5 sen or 5%, following the listing of the builder and property developer's 2.19 billion new rights shares today.</p></div>

<div class=newsTextDataWrapInner><p>MRCB shares slipped to their lowest so far today at 99.5 sen. At 3:45pm, the stock was traded at RM1.01, with some 45 million shares transacted.</p></div>

<div class=newsTextDataWrapInner><p>MRCB was Bursa Malaysia's ninth most active stock.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to MRCB, the listing of the 2.19 billion new rights shares is part of its renounceable rights issue of up to 2.85 billion new shares, together with up to 570.76 million free rights warrants.</p></div>

<div class=newsTextDataWrapInner><p>MRCB said the corporate exercise is undertaken on the basis of one rights share for one existing share held and one warrant for every five rights shares.</p></div>


KUALA LUMPUR (Nov 3): Malaysian Resources Corp Bhd (MRCB) fell as much as 5.5 sen or 5%, following the listing of the builder and property developer's 2.19 billion new rights shares today.

MRCB shares slipped to their lowest so far today at 99.5 sen. At 3:45pm, the stock was traded at R...

MRCB falls on new rights shares listing

Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down Al Jazeera's operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.

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<p>Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.</p>


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<p>Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.</p>


<p>Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.</p>


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<p>In the May 6 issues of <i>City &amp; Country</i>, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.</p>


Developing community living sustainably

<p>The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.</p>


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Treasure of Borneo

<p>The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, <i>Financial Times</i> (FT) reported, citing party insiders.</p>


<p>US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.</p>


<p>Datuk Seri Anwar Ibrahim has urged all implementing agencies, particularly ministries, to prioritise the training of young people on artificial intelligence (AI) so that the country does not fall behind in this field.</p>


<p>The Perak government has agreed to supply water to Penang through the Kerian Integrated Green Industrial Park to Seberang Perai.</p>


<p>Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.</p>


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<p>The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.</p>


<p>Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down <i>Al Jazeera</i>'s operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.</p>
