Oct 2016 the Edge Pantech Group Holdings Bhd has proposed a one-for-five bonus issue, a one-for-ten bonus warrant issue and an employee share option scheme (ESOS).
The steel products manufacturer said the bonus issue entails 138.09 million shares of 20 sen each, enlarging its share base to 829.38 million, which will rise further to 988.18 million if the bonus warrants and ESOS are fully exercised.
At 988 M total shrs issued, this 12% dilution will likely affect the shr price
Shaking shareholders to buy investment? This is good company but up and down nobody can predict. With high oil price, the physical investment for Oil and Gas will be increasing a lot. Pantech is selling pipes/ valves that is necessary for the industry. Should be good as current shortage in many materials will propel Pantech to higher high.
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