GENP-WA – Shareholders made Hefty Gains under Dividend Reinvestment Scheme

Written by Editor

The company warrant of Genting Plantations Berhad (GENP-WA) made its debut on Bursa Malaysia on 20 December 2013. The warrant price was chased up to as high as RM4.90 on the first day of trading. However, GENP-WA was not able to maintain its momentum amidst heavy profit taking by shareholders who effectively got the warrant for free and the price declined significantly to close at RM3.84 on 23 December. The mother share closed at RM10.88 on the same day.

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