KUALA LUMPUR: Warrants of SP Setia Bhd surged 112.5% or 54 sen to close at RM1.02 yesterday from their reference price of 48 sen on their first day of listing. The warrants of the property developer opened at 88 sen, up 40 sen. There were 30.64 million units done at prices ranging from 88 sen to RM1.04. However, its share price closed unchanged at RM4.96. SP Setia had issued 168.15 million warrants on the basis of one warrant for every four existing shares held in SP Setia.
(29-1-2008 The Edge)
