Malaysia : MAYBANK INVESTMENT issues eight new European-style cash-settled call warrants.
Maybank Investment Bank Bhd has announced issuing eight new European-style cash-settled call warrants over the ordinary shares of Coastal Contracts Bhd (Coastal), Dayang Enterprise Holdings Bhd (Dayang), Dialog Group Bhd (Dialog), Hock Seng Lee Bhd (HSL), KNM Group Bhd (KNM), Muhibbah Engineering (M) Bhd (Muhibah), Perdana Petroleum Bhd (Perdana) and SapuraKencana Petroleum Bhd (SKPETRO).
On 19 August, the warrants were listed with an issue size of 100 million each.
Maybank said, This tranche features the oil and gas (O&G) segment in Malaysia. Investment by Petronas in the Refinery and Petrochemical Integrated Development (RAPID) project is expected to stimulate the Malaysian O&G sector in 2014.
It added, RAPID and the three entry-point projects under O&G may create surprises on the upside through contract awards.
This tranche enabled sophisticated investors who had a bullish view to participate in the upside of their selected counters, with a wide array of underlying companies with exposure to the O&G sector, said the bank.
2014 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Aug 21, 2014|
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