Macro Finance
Genting Shares Tumble Most on Record on Rights Issue Plan
Bloomberg Markets·October 12, 2026·1 min read
Genting Bhd. shares plunged the most on record 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 dilutes existing shareholders, triggering a sharp selloff in the stock.
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