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NewsWijaya Baru surges to highest since early 2008
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Wijaya Baru surges to highest since early 2008
by hlk Wed 13 Jul 2011, 18:44
KUALA LUMPUR: Loss-making timber-property based WIJAYA BARU GLOBAL BHD [] share price surged to its highest since March 2008, in the absence of any fresh positive news.
At 2.46pm, it was up 13 sen to 57 sen with 13.09 million shares done. The warrants Wijaya-WA added 2.5 sen with 19.95 million units transacted.
The FBM KLCI shed 1.01 points to 1,577.09. Turnover was 442.80 million shares done valued at RM688.96 million. There were 267 gainers, 291 losers and 309 stocks unchanged.
The warrants, issued in September 2007, expire in September 2012. The conversion ratio is one warrant for each share. The exercise price is RM1.25.
The warrants were issued for free to the subscribers of renounceable rights issue of RM110.36 million nominal value of five-year 7% irredeemable convertible unsecured loan stocks (ICULS) at 100% of its nominal value on the basis of one free detachable warrants for every RM1 rights ICULS subscribed for.
The issue price for the ICULS were RM1 and the exercise price was RM1.25. The loan stocks expire in September 2012.
According to its latest financial statements for the financial year ended Dec 31, 2011, it had total accumulated losses of RM187.80 million at the company level and RM103.14 million at the group level.
At group level, it posted net losses of RM69.901 million and at company level, RM96.24 million.
At 2.46pm, it was up 13 sen to 57 sen with 13.09 million shares done. The warrants Wijaya-WA added 2.5 sen with 19.95 million units transacted.
The FBM KLCI shed 1.01 points to 1,577.09. Turnover was 442.80 million shares done valued at RM688.96 million. There were 267 gainers, 291 losers and 309 stocks unchanged.
The warrants, issued in September 2007, expire in September 2012. The conversion ratio is one warrant for each share. The exercise price is RM1.25.
The warrants were issued for free to the subscribers of renounceable rights issue of RM110.36 million nominal value of five-year 7% irredeemable convertible unsecured loan stocks (ICULS) at 100% of its nominal value on the basis of one free detachable warrants for every RM1 rights ICULS subscribed for.
The issue price for the ICULS were RM1 and the exercise price was RM1.25. The loan stocks expire in September 2012.
According to its latest financial statements for the financial year ended Dec 31, 2011, it had total accumulated losses of RM187.80 million at the company level and RM103.14 million at the group level.
At group level, it posted net losses of RM69.901 million and at company level, RM96.24 million.
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