Esteem Solar Tech’s share price rose close to 7% in morning trade today after the solar-power specialist yesterday proposed a bonus issue of 105 million warrants on the basis of one warrant for every two existing shares held.
Esteem Solar Tech also proposed the establishment of a share issuance scheme of up to 10% of the total number of Esteem Solar Tech shares in issue for eligible directors and employees of the company and its subsidiaries.
The counter rose as much as 6.98% or 12 cent to $1.84 this morning.
At 9.42am, Esteem Solar Tech’s share price was six sen or 3.49% higher at $1.78, among the top gainers.
The counter had seen 3.98 million shares change hands so far today.