Monday, July 25, 2011

Kawan falls after warrants offer goes ex

KUALA LUMPUR: Shares of Kan Food Bhd fell nearly 10.5% on Monday, July 25 after it went ex following the issuance of 60 million free warrants and also due to weak overall market sentiment.

At 11.15am, it was down 13'' sen to RM1.11. There were 53,300 shares transacted at prices ranging from RM1.11 to RM1.13.

The warrants were issued on the basis of one warrant for every two shares held as at Monday.

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