WEGMANS-WA: Better off buying mother share

Written by Editor

WEGMANS-WA, the new company warrant of Wegmans Holdings Berhad, made its debut on 22nd January 2019 at Bursa Malaysia.  WEGMANS-WA was issued free to shareholders of Wegmans via a bonus issue of warrants on the basis of one warrant for every four shares held on entitlement date.  WEGMEANS-WA ended the first day of trading at 11.5 sen.  The warrant price then rose steadily to a high of 18 sen on 18th February before profit taking following the company announcements of latest financial results sent the price heading lower.  At the close of trading on 5th March, Wegmans mother share and warrant last traded at 32.5 sen and 15 sen respectively.

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