Last week, the price moved from their usual range of RM0.80 to closed at RM0.91. Although volumn is not heavyly traded but is more than usual.
The price movement and volumn could be due to their bonus issue soon.
Let see what are there offer for the bonus issue package:
Bonus Issue = 1 bonus share for 5 existing ordinary share
ICUL = 2 ICULs (RM0.10 each) for 1 existing Pantech share
Warrant = 1 free warrant for 10 ICULs
if one has 5,000 units of Pantech share, after ex-date, it will become:
6,000 units Pantech Shares
10,000 units of ICUL
1,000 units of Warrant
Beside bonus issue, the company has been giving good dividends for last 2 years. It could be a good stock to hold, probably it will give you a handsome return for long term. (This is my own opinion, buy at your own risks).
PANTECH is a supplier and stockist of carbon and stainless steel pipes and tubes, valves, flanges and other general hardware products for the oil and gas, petrochemical, marine, biodiesel, chemical, palm oil, power and pulp and paper industries.
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