Friday, 21 Aug 2020 09:33 AM MYTGenting Berhad’s stock value has plunged by almost two-thirds since December. — Reuters pic
According to Bloomberg, Lim has been pledging more of his holdings as the shares have plunged, committing almost all of his 76 per cent stake or six billion shares in Genting Hong Kong. This was up from 5.5 billion shares in April, the newswire reported. “Many companies hit a bump in the road causing a sudden decline in stock price,” Melbinger was quoted as saying.
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