PETALING JAYA: Sunway Bhd
’s cash call to raise RM1bil, which would dilute its earnings by more than 20%, came as a surprise to analysts.
The proposed rights issue, however, failed to douse investor sentiment. Sunway closed yesterday up two sen to RM3.12, off its day-high of RM3.15 with 3.25 million shares traded. This was just four sen lower than its all-time high of RM3.16 last week.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
