AFFIN Bank : Hwang Investment Bank Berhad Announced The Issuance of Its First Four Series Of Structured Warrants
January 25, 2023 at 09:23 pm EST
Share
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
Attachments
Original Link
Original Document
Permalink
Disclaimer
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.
Affin Bank Berhad (the Bank) is the financial holding company. The principal activities of the Bank are banking and related financial services. The principal activities of the subsidiaries are Islamic banking business, investment banking and stock-broking, money-broking, property management services, nominee and trustee services. The Bank's segments include Commercial Banking, Investment Banking, Insurance and Others. The Commercial Banking segment focuses on the business of banking in all aspects, which includes Islamic Banking operations. Its activities are structured into three areas, such as corporate banking, enterprise banking and community banking. The Investment Banking segment focuses on the business of a merchant bank, stock-broking, fund and asset management. The insurance segment includes the business of underwriting all classes of general and life insurance businesses in Malaysia. Its subsidiaries include Affin Islamic Bank Berhad, Affin Holdings Bhd and others.