A mother share better than PRLEXUS-WA

Written by Editor

When Prolexus Berhad completed its one for two rights issue in June 2016 at a rights issue price of RM1.00 per share, the share price of the company was above RM1.40.  However, the share price has been declining steadily for the most part of the last two and a half year, hitting a low of 55 sen in July this year before rebounding somewhat to 60 sen at the time of writing.  The company warrant PRLEXUS-WA, which came attached to the rights issue, plummeted from a high of 71 sen in May 2017 to as low as 13 sen recently before settling at 17.5 sen.

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