BJCORP-JA very close to being CALLED

Written by Editor


BJCORP-JA could become the first Callable Bull Certificate (CBLC) to be called once the mother share price touches the call price of RM1.06. BJCORP share hit a low of RM1.08 today and any further weakness in the share price tomorrow can easily mark the end of trading of BJCORP-JA.


For CBLC, if the price of underlying instrument reaches the Call Price/Call Level at any time prior to the expiry date, the issuer will call the CBBC and trading of the CBBC will be suspended. This event is referred to as a Mandatory Call Event ("MCE"). The CBBC will expiry early and will be delisted on the 4th market day after the MCE.



To read the rest of the article, you must Login