Macro Finance
Genting Shares Tumble Most Since 1998 on Rights Issue Plan
Bloomberg Markets·October 12, 2026·1 min read
Genting Bhd. shares plunged by the most in 28 years after the leisure group controlled by Malaysian billionaire Lim Kok Thay announced plans to raise about 1.25 billion ringgit ($306 million) through a renounceable rights issue. The move triggered a sharp selloff, reflecting investor concerns over dilution.
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