media release | |
FOR IMMEDIATE RELEASE | 25 JANUARY 2023 |
AFFIN HWANG INVESTMENT BANK BERHAD ANNOUNCED THE
ISSUANCE OF ITS FIRST FOUR SERIES OF STRUCTURED
WARRANTS
KUALA LUMPUR: Affin Hwang Investment Bank Berhad ("the Bank"), the investment arm of Affin Bank Berhad, today announced the issuance of its first four series of Structured Warrants to cater to the needs of the increasingly diverse and sophisticated investors in Malaysia.
The four Structured Warrants now listed on Bursa Malaysia are as follows:
- European Style Non-CollateralisedCash-Settled Call Warrants Over Ordinary Shares of My E.G. Services Berhad
- European Style Non-CollateralisedCash-Settled Put Warrants Over Ordinary Shares of My E.G. Services Berhad
- European Style Non-CollateralisedCash-Settled Call Warrants Over Ordinary Shares of Dagang Nexchange Berhad
- European Style Non-CollateralisedCash-Settled Call Warrants Over Ordinary Shares of Hengyuan Refining Company Berhad
Warrant Name | Warrant | Warrant | Exercise | Exercise | Expiry | Issue | |||||||||
Underlying Shares | |||||||||||||||
Code | Type | Price | Ratio | Date | Size | ||||||||||
DAGANG | DNEX-C11 | 445611 | Call | RM0.50 | 2 | 25-Oct-23 | 100,000,000 | ||||||||
NEXCHANGE BHD | |||||||||||||||
HENGYUAN | HENGYUANC44 | 432444 | Call | RM3.50 | 6 | 25- Oct-23 | 100,000,000 | ||||||||
REFINING CO BHD | |||||||||||||||
MY E.G. SERVICES | MYEG-C4D | 01384D | Call | RM0.90 | 2 | 25- Oct-23 | 100,000,000 | ||||||||
BHD | |||||||||||||||
MY E.G. SERVICES | MYEG-HJ | 0138HJ | Put | RM0.78 | 2 | 25- Oct-23 | 100,000,000 | ||||||||
BHD | |||||||||||||||
*The four Structured Warrants above will expire on 25 October 2023
The Bank is excited to offer Structured Warrants that will enable investors to gain exposure to underlying shares for a fraction of its price and the opportunity to benefit from both bull and bear markets.
President & Group Chief Executive Officer of Affin Bank Berhad, YBhg. Datuk Wan Razly Abdullah said, "The introduction of the first four series of structured warrants is a significant addition to the Bank's existing suite of investment products, offering investors an alternative to their existing investment strategies. It is part of our ongoing efforts to innovate our product offering to meet the demands of the Structured Warrants market."
In 2022, the monthly traded Structured Warrants volume in Malaysia surpassed 5 billion units, peaking at 9.67 billion units in March 2022. In addition, Structured Warrants recorded a monthly average traded value of RM1.15 billion, with a high of RM1.84 billion in June 2022.
For more information about the Bank's structured warrants, please contact our Helpdesk at +603 2146 7624 or email to warrants@affinhwang.com.
-END-
About AFFIN Group
Consisting of Affin Bank Berhad as the financial holding company of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd and AXA AFFIN Life Insurance Berhad. AXA AFFIN General Insurance Berhad is an associate company of Affin Bank Berhad.
AFFIN Group provides a suite of financial products and services that is catered to both retail and corporate customers. The target business segments are categorized under key business units such as Community Banking, Enterprise Banking, Corporate Banking, Treasury, Investment Banking and Securities. For more information, please visit https://www.affingroup.com
For more information, please contact: | |
Amirah Aliah Azlan | Archanaa Vijayaraman |
Assistant Manager, Strategic Communications | Assistant Manager, Strategic Communications |
Contact Number: +60123688359 | Contact Number: +60173850188 |
E-mail: amirahaliah@affingroup.com | E-mail: archanaa@affingroup.com |
Sharifah Syahirah Syed Azlan | |
Assistant Manager, Strategic Communications | |
Contact Number: +60162641675 | |
E-mail: sharifahsyahirah.azlan@affingroup.com |
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Affin Bank Berhad published this content on 25 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 02:22:06 UTC.