KUALA LUMPUR: Kulim-WC haltED its advance in the morning session on Wednesday, March 9, slipping seven sen to RM1 after a four-day price surge from its reference price of five sen last Thursday. March 3.
At 12.16pm, Kulim-WC was down seven sen to RM1 with 3.41 million units done. The mother share fell three sen to RM3.37.
Under Kulim's corporate exercise, a total of 156.17 million warrants were issued to the entitled shareholders on the basis of one warrant for every eight shares of 25 sen each in Kulim held after a share split and bonus issue of new subdivided shares on a one-for-one basis.
The exercise price of RM3.85 per warrant was based on the five-day weighted average price of Kulim's shares up to Feb 24 amounting to RM3.8553 and a premium of 6.1% over the closing ex-all price of Kulim shares after the share split and bonus issue of RM3.63 on Feb 24.
At 12.16pm, Kulim-WC was down seven sen to RM1 with 3.41 million units done. The mother share fell three sen to RM3.37.
Under Kulim's corporate exercise, a total of 156.17 million warrants were issued to the entitled shareholders on the basis of one warrant for every eight shares of 25 sen each in Kulim held after a share split and bonus issue of new subdivided shares on a one-for-one basis.
The exercise price of RM3.85 per warrant was based on the five-day weighted average price of Kulim's shares up to Feb 24 amounting to RM3.8553 and a premium of 6.1% over the closing ex-all price of Kulim shares after the share split and bonus issue of RM3.63 on Feb 24.
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