Business News

Published: Friday February 8, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:47:48 AM

MRCB suspended for announcement, likely linked to Gapurna share swap

KUALA LUMPUR: Trading in the securities of Malaysian Resources Corporation Bhd (MRCB) was suspended in the afternoon session on Friday for a corporate announcement.

At 12.30pm, it was up two sen to RM1.26. However, the share price is down 44.5% over the past 12 months from RM2.27 on Feb 8, 2012 due to a lack of rerating catalysts and positive newsflow.

It was understood the suspension was for MRCB to announce a share swap with Gapurna Sdn Bhd.

A news report said it could be a potential deal with the Gapurna group for injection of 60 acres of prime land worth RM1bil into the former's landbank in exchange for shares.

Tags / Keywords: News, Business, Malaysian Resources Corporation Bhd (MRCB), suspended, Gapurna Sdn Bhd, Business


  1. Anthony See ousted from Box-Pak
  2. AirAsia Group says will move into KLIA2 by May 9 (Update)
  3. Chinese gold demand may rise 20% by 2017
  4. China may have 1,000 tonnes of gold tied in financing: WGC
  5. Leading the way in landscaping
  6. Industries seek alternative energy sources due to gas price hike
  7. MAA Group takes control of tuition centres
  8. Radical revamp of Malaysia's education
  9. Perodua launches new Myvi
  10. New landmark in Section 17, Petaling Jaya