Further to my earlier article, The Star (30/1/07) reported:
“Shares in Bonia Corp Bhd surged to a new high yesterday after the company announced plans to issue free shares, split the stock and seek a transfer to the main board. The stock climbed 40 sen, or 18.2%, to RM2.60, off an intra-day high of RM2.65. A total of 674,100 shares changed hands.Its warrant issue gained 29 sen to RM1.67 “
 

Anything can happen in a rising share market scenario.
 

Well, maybe it’s time for some cash-strapped companies to try rights issue( with sweetener-warrants ) to get rid of high debts or restructure its cost of capital.  Ironically, if the right issues are well rationale, besides getting the required cash, the share price might go up!!

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