The company warrant of MNC Wireless Berhad (MNC-WA) made its debut at Bursa Malaysia on 11 November 2016. This warrant was given free to shareholders who subscribed for MNC’s rights issue of 283.42 million new shares at 10 sen each. Shareholders who subscribed for the rights issue were given 2 free warrants for every 3 shares subscribed. MNC-WA has traded mostly between 2.5 sen to 4 sen for the most part until 12 April when the company announced it has entered into a Memorandum of Understanding with M3 Technologies (Asia) Bhd (M3 Tech), for the purpose of collaborating with M3 Tech for the development of an inclusive e-commerce platform with integrated payment gateway solutions and end-to- end logistics support, to operate in the Malaysia Digital Free Trade Zone (DFTZ). MNC share price spiked to as high as 9 sen and its warrant as high as 5.5 sen on the above collaboration. They have both retreated recently to close at 8 sen and 4.5 sen respectively on 26 April 2017.
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