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DAIBOCHI-WB: Can It Rebound Post GO?

The price of the company warrant of Daibochi Berhad (DAIBOCHI-WB) plummeted after Scientex Berhad entered into a Heads of Agreement on 14 November 2018 with certain shareholders of the Company to acquire 42.41% stake in Daibochi for a total purchase consideration of RM222.50 million (equivalent to RM1.60 per Sale Share) to be satisfied entirely by issuance of new ordinary shares in Scientex at RM8.80 per share based on the exchange ratio of 1 new Scientex share for every 5.5 Daibochi shares held.  Pursuant to the Malaysian Code on Take-overs and Mergers 2016, Scientex would be obliged to extend a mandatory take-over offer to acquire the remaining shares in the Company not already held by Scientex and persons acting in concert with Scientex at the same considerations.  Daibochi share price was hovering around RM2.00 prior to the announcement of the acquisition and the price fell after the acquisition was done at a discount.  DAIBOCHI-WB suffered a much bigger fall as the offer price for the warrant by Scientex was only 1 sen. 

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Analysis

Warrant Ranking by Premium (7 Aug 2016)

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Warrant Ranking 7 Aug 2016 by Premium

MALAYSIA LOAN STOCK ANALYSIS 27 MAY 2015

The following is a list of loan stock listed on Bursa Malaysia as at (date).

Malaysia Loan Stock Analysis 270515

Change in Shareholdings (1/5/2015 - 31/5/2015)

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May 2015 (1 May 2015 - 31 May 2015)

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