The major shareholdersof Prestar Resources Berhad has been disposing its out-of-money warrant (PRESTAR-WA) recently.  According to Bursa Annoucements, two companies linked to the major shareholders of the company, Fabulous Essence Sdn Bhd and YK Toh Property Sdn Bhd, disposed 10 million and 1.94 million warrants respectively on 22^nd July and 19^th July.  The price the warrants was disposed was at 6 sen.  This represent about 14% of total warrants outstanding.  Fabulous Essence still has 14.1 million warrants after the latest disposal while YK Toh Property has no more warrants.

To read the rest of the article, you must log in first