{
  "id": 13861969,
  "title": "Genting Shares Tumble Most Since 1998 on Rights Issue Plan",
  "url": "https://urgent.news/2026/10/12/genting-shares-tumble-most-since-1998-on-rights-issue-plan",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T03:07:45.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/articles/2026-10-12/genting-shares-tumble-most-since-1998-on-rights-issue-plan"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Genting shares tumble most since 1998 on rights issue plan",
        "url": "https://urgent.news/2026/10/12/genting-shares-tumble-most-since-1998-on-rights-issue-plan-13868355",
        "published": "2026-10-12T03:38:13.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Genting's RM1.25bil rights issue to cut debt, but earnings dilution looms",
        "url": "https://urgent.news/2026/10/12/gentings-rm1-25bil-rights-issue-to-cut-debt-but-earnings-dilution",
        "published": "2026-10-12T05:36:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}