Ambank really think investor are stupid.
They price the WCT-CJ at 15 cents and conversion at 3.08.
You see Today is 1st day listing, and it drop 8 cents, percentage loss is 53 %.
Hoo la la
| General Announcement (20120912GA00020) |
| Company Name | |
| Stock Code / Short Name | 9679CJ / WCT-CJ |
| Date & Time Announce | 12/09/2012 11:42:00 AM |
| Subject | Listing Information |
| Content |
| Instrument Type : Structured Warrants |
| Type of Structured Warrants : Call Warrants |
| Description : European Style Cash Settled |
| Underlying Stock : WCT Berhad |
| Issuer : AmBank (M) Berhad |
| Stock Code : 9679CJ |
| Stock Short Name : WCT-CJ |
| ISIN Code: MYL9679CJN99 |
| Board : Structured Warrants |
| Sector : CONSTRUCTION |
| Initial Listing Information : |
| Listing Date : 13/09/2012 |
| Term Sheet Date : 12/09/2012 |
| Issue Date : 12/09/2012 |
| Issue/ Ask Price : MYR 0.1500 |
| Issue Size in Unit : 100,000,000 |
| Maturity Date : 23/09/2013 |
| Exercise/ Strike/ Conversion Price : MYR 3.0800 |
| Revised Exercise/ Strike/ Conversion Price : |
| Exercise/ Conversion Ratio : 4:1 |
| Revised Exercise/ Conversion Ratio : |
| Settlement Type/ Convertible into : Cash |
| Name and contact details of the market maker (if applicable) : AmBank (M) |
| Berhad |
| 22nd Floor Bangunan AmBank Group |
| 55 Jalan Raja Chulan |
| 50200 Kuala Lumpur |
| Malaysia |
| 03-9235 3388 |
| Circumstances under which the market maker may not be able to provide quotes |
| (if applicable) : Please refer to Section 1.4 of the Base Prospectus dated 23 |
| August 2012. |
| Remarks : |
| |
|
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