Bursa Malaysia Stock Watch
MRCB - MRCB, IJM Land falls on merger plan
kltrader
Publish date: Wed, 24 Nov 2010, 12:38 PM
kltrader
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Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP
Research House: RHB
Malaysian Resources Corp and IJM Land Bhd fell in Kuala Lumpur trading after the two property developers planned to merge in a RM6.4 billion (US$2 billion) share swap.
Shares of Malaysian Resources dropped 3.3 per cent to RM2.08 at 9:11 a.m. local time, set for its steepest slide since November 16.
Its indicative fair value was cut to RM2.30 from RM2.48 at RHB Research Institute Sdn Bhd. IJM Land declined 2.9 per cent to RM2.99. -- Bloomberg
Company Name: MALAYSIAN RESOURCES CORP
Research House: RHB
Malaysian Resources Corp and IJM Land Bhd fell in Kuala Lumpur trading after the two property developers planned to merge in a RM6.4 billion (US$2 billion) share swap.
Shares of Malaysian Resources dropped 3.3 per cent to RM2.08 at 9:11 a.m. local time, set for its steepest slide since November 16.
Its indicative fair value was cut to RM2.30 from RM2.48 at RHB Research Institute Sdn Bhd. IJM Land declined 2.9 per cent to RM2.99. -- Bloomberg
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