Righting a rights issue

KL Sentral

MRCB’s cash call has not gone down well with investors. However, the company says its growing order book calls for it to have a sustainable financing structure.

AT the penthouse of Malaysian Resources Corp Bhd’s (MRCB) headquarters, the executives of the engineering, construction and property developer are huddled in a room explaining the reasons for the company’s proposed rights issue to a group of journalists.