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MRCB up after option period extended

Mimi Sabreena 1:22:00 PM Informasi

KUALA LUMPUR (July 6): Malaysian Resources Corp Bhd (MRCB) rose as much as 11 sen or 8% after the builder and property developer extended the option period to buy Nusa Gapurna Development Sdn Bhd's assets.

Nusa Gapurna Development is linked to MRCB group managing director and major shareholder Tan Sri Mohamad Salim Fateh Din.

At 12:30pm, MRCB shares settled at RM1.49 for a market value of RM3.26 billion. MRCB saw some 28 million shares traded, making the stock Bursa Malaysia's second most-active entity.

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