For me , if i am holding such company shares, i will choose to cut losses first, remain observation till it's stable only get in, as we will not know what will happen next. Normally for whichever company that do par value reduction, capital reduction,etc the price will be dropped, how heavy it is, it depends...& will stay low for a while... unless the reduction comes with other exercise, but from this announcement, we don't see any other supporting.. this is just my opinion, maybe others different, but personally i will not take the risk

Anyway, par value is just a nominal value of a stock, by right it should not affect the shares price. But for YFG, it's par value reduce from 0.10 to 0.02, if this happened if a company is going to close down, then your guarantee get back value will remain 0.02. if you have RM100k in this shares in hand, they will give you back 20k only... something like that. So, normally the investors will lose confidence to the company & choose to leave, if selling power stronger than buying, for sure it will goes down. For your information, a normal, stable company will not choose to perform par value reduction

Only mother shares have par value, so it will not affect warrant directly. However, if mother shares price drop, for sure warrant will be followed.