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TOYOINK-WB: Banking on power project

The new warrant of Toyo Ink Group Berhad, TOYOINK-WB, started trading in Bursa Malaysia on 9 November 2018.  This warrant was issue free to shareholders of Toyo Ink on the basis of two warrants for every one share held.  The warrant traded as high as 26 sen on the first day of trading but this out-of-money warrant came under heavy selling pressure the next couple of days.  TOYOINK-WB closed at 15 sen on 13 November while the mother share ended trading at 76 sen.

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