XDL-WB a Better Punt than XDL-WA despite Higher Absolute Price

Written by Jess Lu

The share price of Xidelang Holdings Limited (XDL) has experienced steep decline over the last few months after the company share price hit a 52-week high of 66.5 sen on21 January earlier this year.  XDL completed a rights issue with free warrants (XDL-WB) and bonus shares in late January that saw its share base balloon to 1.15 billion shares from 726 million shares previously.  At the close of trading on 29 April 2014, XDL share was trading at 23.5 sen which was a drop of almost 65% from its January peak.

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