Stock relisting

PUBLISHED : Saturday, 07 June, 1997, 12:00am
UPDATED : Saturday, 07 June, 1997, 12:00am

Talk that the Jardines Group may relist in Hong Kong prompted three covered-call warrants yesterday and denials from the group that it planned to return.


Union Bank of Switzerland (UBS) and Indosuez W.I. Carr each set warrants on a basket including Hongkong Land and Jardine Matheson. UBS warrants carry a premium of 12 per cent and a gearing of 4.55 times, while Carr's premium is 12.5 per cent and gearing is 4.44.


Peregrine set warrants on a basket including Jardine Matheson, Jardine Strategic and Hongkong Land. The premium is 13.5 per cent and gearing is 4.6.


 

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