Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Thursday, January 20, 2011

Mitrajaya proposes share split, bonus issue, free warrants

KUALA LUMPUR: MITRAJAYA HOLDINGS BHD [] has proposed a corporate exercise which includes a one-into-two share split, proposed bonus issue of 139.85 million new shares and also the issuance of 52.44 million free warrants.

It said on Wednesday, Jan19 the proposed share split involved the subdivision of every one RM1 share into two 50 sen shares.

Mitrajaya also proposed bonus issue of 139.85 million new shares on the basis of one bonus share for every two shares held after the proposed share split.

It also proposed to issue 52.444 million new free warrants on the basis of one warrant for every eight shares held after the share split and proposed bonus issue.


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