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it's bonus warrant.... those call it a disguise right issue is trying to scare everybody... it's different.... u can take it as something like an ESOS but for existing share holder
Gary, different with esos. Esos only for selected ppl. Subscride or nt wont affect them. This warrant will dilute EpS. if u no subscride, ur ticket value will dilute.
all ESOS will increase the number of shares... 20% only if all shareholder will convert to mother shares... which is different from actual right issue where all shareholders r forced to accept otherwise they will lose their rights to some other major shareholder...
@Chunye Low, private placement is when you need to fork out money if you wish to subscribe. In this case you are given FREE warrant and then you decide if you want to exercise those warrants or you can just sell the warrants.
@Chunye Low, dividend is taxable is the person get more than RM100k of dividend per year. And also dividend means company have to PAY shareholder in cash. This will affect their cadhflow negatively. With warrants, the company may increase their capital. And shareholder don't have to pay yltax unlike dividend.
well it is non tradeable warrant, so we need to exercise first in order to sell. and I don't have 100 k dividend to pay tax. I really hope ytl didn't announce any bonus, since yesterday share price is 2.38. ytl doesn't need to give dividend if no money.
YTL Group has unveiled plans to invest £4 billion (RM22 billion) in the United Kingdom (UK) over the next five years.
This major investment includes £2 billion (RM11 billion) earmarked for the Brabazon new town in Bristol, which will feature 6,500 homes, three schools, a 19,500-capacity arena, and conference and exhibition spaces.
Company need to pay out money thru dividend but with warrant, they collect money from you. Really cheating company. Going to below 2 next week then follow by to hit 1.50 as per ceo quote the price.