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This new Islamic redeemable preference share ....is preference share issue to subsciber at agreed interest rate paid...eg 5% for a fix period and investor has the option to redeem this share to mothershare at an agreed price at the time of subscription... it is the choice for Investor to exercise the option to convert if it is favorable...eg Hibiscus market price is Rm2 at 2023...investor can convert at the price agreed before eg Rm1.20....I hope is correct...what I learn in economics subject . please search google for correct answer...
i am an investor for this co...with Oil price up now...hope price can fly soon
The problem now should be the quantity of said redeemable preference shares is very huge ( 2 billion shares to raise fund ), this plan make investors to feel more uncertainty…. If it is convertible ( can be converted to mother shares ), normally not redeemable , if I m not mistaken …. The counter is undervalued if below 70 cents but don’t like the plan of issuing huge quantity of preference shares in near future …
