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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Following Message 
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
 
 
 
 
   
 
     
 
   
 
 
    
   
               
 
 
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