CCK-WA : A Tool to Bet on Company’s future growth

Written by Editor

CCK-WA, the new company warrant of CCK Consolidated Holdings Berhad (CCK), made its debut at Bursa Malaysia on 26 June 2018.  This warrant was issued free to shareholders of CCK in the company recently completed share split and bonus warrants exercise.  Under the exercise, CCK subdivided every 1 share into 2 shares.  Following the share split, the company issued free warrants to shareholders on the basis of 1 warrant for every 2 shares held after the split.  In spite of the general weakness in the equity market, the share price of CCK has been on a rising trend in the last one year.  CCK share price hit a high of RM1.025 (adjusted for split and bonus) on 8 June before retreating slightly to 92 sen after the new subdivided shares and warrants started trading.

To read the rest of the article, you must Login