Storify Feed Feedburner Facebook Twitter Flickr Youtube

ROS Lboard

Ambank issues six new call warrants

July 31, 2012

KUALA LUMPUR: AmBank (M) Bhd (AmBank) is issuing six new European style cash-settled structured call warrants (CW) over the ordinary shares of IHH Healthcare Bhd (IHH) to meet investors’ demand for trading and investment opportunities in the current market scenario.

The structured warrants will be listed for trading tomorrow (Aug 1), via the market making method, with an issue size of up to 100 million each.

“Healthcare group IHH posted strong gains on its maiden day of trading on Bursa Malaysia, closing up 10.4% at RM3.09 after trading as high as RM3.19 earlier in the day.

“IHH’s initial public offering was much anticipated as evidenced by the overwhelming institutional demand for its shares, which was oversubscribed by more than 100 times with a record 22 cornerstone investors,” said AmInvestment Bank director/head equity derivatives, Ng Ee Fang, in a statement.

IHH’s listing is also the first concurrent offering on both the Main Market of Bursa Malaysia and the main board of the Singapore Stock Exchange, enabling the group to tap a wider investor base in both Malaysia and Singapore.

“On the back of IHH’s strong debut, AmBank is issuing six call warrants on IHH, with varying exercise prices and ratios.

“This is to cater to investors’ demand for alternatives to participate in IHH’s stock performance over the coming months,” she added.

IHH is the second largest listed healthcare group in the world in terms of market capitalisation. Currently, it has a global network of 30 hospitals under various premium brands such as Parkway, Pantai and Gleneagles.

- Bernama


Comments

Readers are required to have a valid Facebook account to comment on this story. We welcome your opinions to allow a healthy debate. We want our readers to be responsible while commenting and to consider how their views could be received by others. Please be polite and do not use swear words or crude or sexual language or defamatory words. FMT also holds the right to remove comments that violate the letter or spirit of the general commenting rules.

The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.

Comments