MRCB falls 5.84% after high speed rail project nixed

KUALA LUMPUR (May 30): Malaysian Resources Corp Bhd (MRCB) shares fell 5.84% early today after the government decided to scrap the High Speed (HSR) rail link project.

At 9.10am, MRCB fell 4 sen to 64.5 sen with 2.06 million shares done.

On Monday, Prime Minister Tun Dr Mahathir Mohamad had said the decision to drop plans to build the HSR between Kuala Lumpur and Singapore was final. — theedgemarkets.com

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