Bursa Master

Author: BURSAMASTER   |   Latest post: Sun, 26 Aug 2018, 05:43 PM



Author:   |    Publish date:

Caely proposes one-for-two warrants bonus issue | http://www.klsescreener.com/v2/news/view/331145
KUALA LUMPUR (Jan 16): Caely Holdings Bhd has proposed a bonus issue of 40 million warrants on the basis of one warrant for every two existing shares held to reward its shareholders.
In a filing with Bursa Malaysia, Caely said assuming an indicative exercise price of 50 sen per warrant, the exercise could potentially raise gross proceeds of RM20 million, which will be used for future working capital, including for staff costs and other expenses.
The company has yet to set an exercise price or entitlement date for the warrants, which will be determined at a later date.
“The company is embarking on the proposed bonus issue of warrants instead of other available proposals to reward existing shareholders of the company, after taking into cognisance the financial performance and financial position of the group,” Caely said.
Besides rewarding its shareholders, the company said the issuance can potentially enhance its capital base, provide an avenue for shareholders to increase their equity in the company, as well as increase the liquidity of Caely’s shares upon exercise of the warrants.

BUY CAELY ABOVE 1.330 TARGET 1.400 1.550 SL 1.270
BUY CALL From EPIC RESEARCH at 10.55 am 15 Jan 2018


Share this

  Be the first to like this.
longkanginvestor Sell on news lo
16/01/2018 19:53
mf Sell on news. Simple
16/01/2018 20:25
OrlandoOIL Hibiscus oso got free warrant
Sure jump some more later
16/01/2018 20:33
themagicianmerlin Forget caely. And switch to this stock, it is TOP PICK stock this year you will regret to miss it!

17/01/2018 16:20
Yu_and_Mee @themagicianmerlin, why not you let the forum to have comment?
17/01/2018 19:11


240  223  524  1201 

Top 10 Active Counters
 HSI-H4O 0.425-0.04 
 MYEG 1.80+0.04 
 LIONIND 0.98+0.06 
 SAPNRG 0.435-0.005 
 NOVAMSC 0.1650.00 
 VELESTO 0.28+0.01 
 HSI-C3P 0.375+0.035 
 XOX 0.0650.00 
 TIGER 0.070.00 
 CUSCAPI 0.315+0.005 
Partners & Brokers