Markets
Bonus shares and warrants allure from PTrans
Alan Voon | 06 Oct 2017 00:30
PTRANS-WA, the company warrant of Perak Transit Bhd (PTrans), began trading on Bursa Malaysia on Sept 28. The warrant fluctuated between 10 and 14 sen after listing and ended trading on Oct 4 at 12 sen.
 
The mother share closed at 28 sen on the same day. Listed a year ago at an initial public offering (IPO) price of 15 sen per share, PTrans’ share price has now almost doubled.

Compared to the bigger IPOs on Bursa this year which somehow disappointed subscribers, PTrans brought cheers to those who have faith in the company by rewarding them with bonus shares and warrants.

The company owns and operates the integrated Amanjaya Terminal in Ipoh which has been in operation since 2012.