Cheaper exposure with PARAMON-WA

Written by Editor

PARAMON-WA, the new company warrant of Paramount Corporation Berhad, made its debut at Bursa Malaysia on 5th August 2019.  This warrant was issued free to shareholders of Paramount Corporation in the company recently completed bonus warrants exercise.  Under the exercise, the company issued free warrants to shareholders on the basis of 2 warrant for every 5 shares held on the entitlement date of 25th July.  The share price of Paramount Corporation has been declining steadily from around an adjusted price of RM1.70 since the ex-date of the bonus warrants issue to a low of RM1.35 on 6th August.  The share price ended relatively strong on 6th August at RM1.43 while PARAMON-WA recovered to close at 29.5 sen on the same day after touching an intraday low of 20 sen earlier on that day.

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