KUALA LUMPUR: Emico Holdings Bhd's shares were halted from trading with effect from 3.35pm yesterday, after the company told the stock exchange it did not know why its shares were suddenly traded actively.
The counter will re-open for trading today, a filing to Bursa Malaysia revealed.
Emico shares appreciated by just above 100 per cent yesterday and this was matched by a steep appreciation in Emico warrants.
Emico warrants, which expire on 2013, rose by nearly five times. The warrants started the day at seven sen and quickly appreciated to hit an intra-day high of 35.5 sen. Its last traded price was 30 sen.
The warrants can be converted to the mother share at a strike rate of RM1. This means warrant holders will have to fork out an additional RM1 for every warrant that they intend to convert to the mother share.
The mother share, meanwhile, surged to an intra-day high of 44.5 sen a share. It started the trading day at 20 sen a share while its last traded price was 39.5 sen a share.
The surge in Emico shares helped nearly double the company's market capitalisation to RM37.89 million.
Emico, an original equipment manufacturer, registered revenue of RM36.89 million for the six months ended June 30 2011, against a revenue of RM34.19 million in the same period a year ago.
The counter will re-open for trading today, a filing to Bursa Malaysia revealed.
Emico shares appreciated by just above 100 per cent yesterday and this was matched by a steep appreciation in Emico warrants.
Emico warrants, which expire on 2013, rose by nearly five times. The warrants started the day at seven sen and quickly appreciated to hit an intra-day high of 35.5 sen. Its last traded price was 30 sen.
The warrants can be converted to the mother share at a strike rate of RM1. This means warrant holders will have to fork out an additional RM1 for every warrant that they intend to convert to the mother share.
The mother share, meanwhile, surged to an intra-day high of 44.5 sen a share. It started the trading day at 20 sen a share while its last traded price was 39.5 sen a share.
The surge in Emico shares helped nearly double the company's market capitalisation to RM37.89 million.
Emico, an original equipment manufacturer, registered revenue of RM36.89 million for the six months ended June 30 2011, against a revenue of RM34.19 million in the same period a year ago.
