Malaysian Resources rights issue oversubscribed

The land is located within the locality of Jalan Putra, Kuala Lumpur, and is approximately four kilometres to the north of KL city centre. Of the three parcels of land, only one parcel measuring 17,988.92 sq m has a freehold tenure

PETALING JAYA: Malaysian Resources Corp Bhd said its rights issue exercise has been oversubscribed.

The company, in a filing with Bursa Malaysia yesterday, said it had received applications for 2.35 billion rights shares with 470.8 million rights warrants as of the closing date on Oct 20.