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Switching from shares to CAELY-WA an option

The company warrant of Caely Holdings Berhad (CAELY-WA) made its debut at Bursa Malaysia on 26 April 2018.  This warrant was given free to shareholders based on 1 warrant for every 2 shares held on the entitlement date of 19 April 2018.   The share price of Caely Holdings had been rising recently and reached a high of RM1.17 on 23 April before declining significantly after the warrant started trading on the stock exchange.  The surge in share price may be attributed to the emergence of Ni Hsin Resources Berhad as a substantial shareholder of the company.  Based on latest disclosure at the time of writing, Ni Hsin had increased its stake to 18.5% as at 25 April 2018.  Caely Holdings and its warrant ended trading on 30 April at 91 sen and 57 sen respectively.

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