Today is 1st day listing already limit up.
It is consider as expensive, Why MALAYSIAN INVESTOR SO BAD in justify the true value????
Details as below:
Date: 09 August 2010
Listing Information & Profile
Submitting Merchant Bank
:
HONG LEONG INVESTMENT BANK BERHAD
Company Name
:
NOTION VTEC BERHAD
Stock Name
:
NOTION-WA
Date Announced
:
09/08/2010
Instrument Type
:
Warrants
Description
:
Warrants issued pursuant to the Free Warrants Issue
Listing Date
:
10/08/2010
Issue Date
:
04/08/2010
Issue/ Ask Price
:
MYR 0.0000
Issue Size Indicator
:
Unit
Issue Size in Unit
:
30,652,652
Maturity Date
:
03/08/2015
Revised Maturity Date
:
Exercise/ Conversion Period
:
5.00 Year(s)
Revised Exercise/ Conversion Period
:
Exercise/Strike/Conversion Price
:
MYR 2.5500
Revised Exercise/Strike/Conversion Price
:
MYR 0.0000
Exercise/ Conversion Ratio
:
1 Warrant : 1 Ordinary Share of RM0.50 each
Revised Exercise/ Conversion Ratio
:
Mode of satisfaction of Exercise/ Conversion price
:
Cash
Settlement Type/ Convertible into
:
Physical (Shares)
Remarks :
The Warrants are issued to the entitled shareholders of Notion VTec Berhad ("NVB") on the basis of 1 Free Warrant for every 5 ordinary shares of RM0.50 each in NVB ("Shares").
Each Warrant carries the entitlement, at any time from the Issue Date to the close of business at 5.00 p.m. in Malaysia on the Maturity Date ("Exercise Period"), to subscribe for 1 new Share in NVB at the Exercise Price which shall be satisfied fully in cash. Any Warrant not exercised during the Exercise Period will lapse and thereafter cease to be valid for any purpose.
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