MAS rights entitlement fall in early trade

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MAS rights entitlement fall in early trade

Business & Market 2010

Written by Joseph Chin

Thursday, 11 February 2010 09:27

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KUALA LUMPUR: Malaysian Airline System's (MAS) rights entitlements fell in early trade on Thursday, Feb 11 on its first trading day.

At 9.20am, it was down 24.5 sen to 19.5 sen with 7.46 million units done. MAS fell 11 sen to RM1.93 with 90,100 shares done.

The FBM KLCI fell 0.68 of a point to 1,245.49. Turnover was 38.86 million shares done valued at RM23.68 million.

According to an MAS announcement, the trading of rights entitlements will be from Thursday to Feb 22.

MAS's corporate exercise involved a renounceable rights issue of 1.67 billion new shares of RM1 each (rights shares) at RM1.60 per rights shares on the basis of one rights shares for every one share held at Feb 10.

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Last Updated on Thursday, 11 February 2010 17:30

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