When is the ex rights date?
Still not very attractive.
rights so low?or u mean on 2007?The last time CDLHT did a rights issue was all the way back in 2007, so looks like management didn't make this choice easily. And the offer price of $1.28 hasn't been reached for a while already.
if we managed to successfully buy in on a share with cum-rights, this means that we are entitled to buy be part of this issue of rights, correct?
so based on the timeline given by CDL on their rights PDF, when should we do what etc? and what needs to be done (be it sell/exercise full rights etc)
I have read this article but it explains things quite clearly in theory. But in practice, how does it work?
https://blog.shareinvestor.com/rights-issues-and-open-offers/
sorry for the noob question.
Everything will be clearer once the offer information statement (OIS) is released, but basically:
- if you want to subscribe to the rights, go to the ATM to accept them (must key in how many rights units you want) and the money plus $2 fee will be deducted from your bank account
- you can also apply for excess rights (more units than you are entitled) and if there are extra they will decide how many to allocate to you
- if you do not want to subscribe to the rights, your CDP account will be credited with these rights as if they are shares, and you can sell them on the open market.
wow, thank you, lzydata for this clear explanation!
i have a few more questions
- for the excess rights, i assume it is applied from the ATM as well? (as mentioned in point 1)
- if apply from ATM, then why they need to send out OIS with application forms?
- meaning if i do not do anything (do not state if i want or dont want), i will automatically get the shares credited to me to sell to the open market? or is there something i need to do?
- if apply from ATM, then why they need to send out OIS with application forms?
- meaning if i do not do anything (do not state if i want or dont want), i will automatically get the shares credited to me to sell to the open market? or is there something i need to do?
If u r using ATM, just press 1000shares 1st. Then they will ask if u want oversubscribe, if yes, then press any amt u want.ok i am quite confused now.
Lets say i bought 5000 shares (5 lot) on 30 Jun, which still falls under the cum-rights date.
1) what do i need to do if i just want my 1000 shares from the rights
2) what do i need to do if i want additional shares from the rights on top of the 5000+1000 shares
3) Do i automatically get the 1000 shares? if so when do i get it and when can i sell it in the market (is there a post/pre rights trading period?)
4) if i ignore this whole rights thingy, i will just have 5000 shares and i lost my power to exercise my rights. Thats all right?
hope my questions are clear enough
Hi smallJB, thanks for your answers. I went to the ATM last night but i only saw pan united's rights issue. When will CDL rights be shown in ATMs?If u r using ATM, just press 1000shares 1st. Then they will ask if u want oversubscribe, if yes, then press any amt u want.
If u NV do anything, u won't get any share. Ur right issues entitlement will give to poeple who oversubscribe.
Hope it helps.
Sent from Xiaomiiiiiii using GAGT
Hi smallJB, thanks for your answers. I went to the ATM last night but i only saw pan united's rights issue. When will CDL rights be shown in ATMs?
Don't kan cheong. CDL lodged the OIS today and it will be despatched by mail to unitholders by 10 July. Closing date for accepting rights entitlements is 24 July.
http://infopub.sgx.com/FileOpen/Lodgement_and_Despatch_of_OIS.ashx?App=Announcement&FileID=460223