0197 WEGMANS WEGMANS HOLDINGS BERHADNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) WEGMANS HOLDINGS BERHAD ("WEGMANS" OR "COMPANY")BONUS WARRANTS You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Can someone share with me ? i thought usually mother share give warrant, 4 give one. That mean when warrant is listed on first day. Mother share wegmans price will be open after minus out the bonus which is by right if the warrant is 0.02, that mean last friday wegmans was 0.32. So , today by right, wegmans share should be at 0.30 ?
Only insider will know... people like me need to speculate is it accumulation by big boys or coming QR and beyond won’t be good. I bought @ 0.300 200 lots only. Too bad AGM in Johor not convinient to go... if the management are good people and can really grow the business, 0.300 is really a bargain.
KUALA LUMPUR (May 21): Home furniture manufacturer Wegmans Holdings Bhd is optimistic of its outlook prospects, underpinned by favourable foreign exchange movement and opportunities arising from the US-China trade tensions.
Managing director Keh Wee Kiet said over the long-term, the group is positive that its efforts in penetrating into new market segments will continue to bear fruit and reflect in its future financial performance.
"The export markets remain as the key growth driver for us, especially the US market where we received an influx of sales orders.
“The on-going US-China trade war has provided us a lot of business opportunities as we received higher enquiries and sales leads from American customers who are looking to shift their orders to Southeast Asia,” he said in a statement in conjunction with its second Annual General Meeting (AGM) here today.
Keh said revenue from the US market grew strongly in the financial year 2018, jumping 33 percent year-on-year from 21 percent a year ago, overtaking the Japanese market as its primary revenue contributor.
“We believe the favourable demand trend will prevail in 2019, as more buyers are switching their sourcing destination,” he said.
The ACE-listed company also ventured into the Original Brand Manufacturing business with new collections of home furniture products under its own Collino Designs brand.
Keh said the new business was part of its strategy to spur demand and further penetrate the furniture market in China.
The concept of Collino Designs differs from the Original Design Manufacturing as the former focuses on thematic approach instead of the mix-and-match approach.
He said the group is currently expanding its production facility in Muar, equipping it with new and upgraded machineries to cater to the growing demand.
At the AGM, the shareholders approved the final single-tier dividend of 0.5 sen per share, amounting to RM2.5 million, for the financial year ended Dec 31, 2018.
sell warrant i dont think is any bad matter...as it is off market....no pp know who buy it currently...i see this as a chance they let other big fund invest in company...and those buy warrant from them need pay 30c for each exercise to ordinary share....it is a business matter....
On behalf of the Board of Directors of Wegmans, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the proposed transfer of the listing and quotation of the entire issued share capital and the outstanding warrants of Wegmans from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad.
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It is their job to update us on anything about the securities we are holding with their investment bank.