QUOTE(Okina @ Aug 15 2012, 09:19 PM)
HEKTAR Rights issue has just been announced, RM1.25 per Rights unit.
If I want to buy the rights from the open market, does that mean I have to pay RM1.25 (assuming someone wants to let go at that price) to the seller and then pay RM1.25 again to the Registrar (to exercise the Right)?
I'm new to exercising rights issue. Sorry if the above question sounds stupid. Tried looking up the AMFIRST rights issue for any examples but couldn't find any and the Stock FAQ sticky did not go indepth.
if you want to buy a right issue,u have to bought from open market from somebody......If I want to buy the rights from the open market, does that mean I have to pay RM1.25 (assuming someone wants to let go at that price) to the seller and then pay RM1.25 again to the Registrar (to exercise the Right)?
I'm new to exercising rights issue. Sorry if the above question sounds stupid. Tried looking up the AMFIRST rights issue for any examples but couldn't find any and the Stock FAQ sticky did not go indepth.
it should be around the estimate share price after fully distribution (around rm1.43 base on today price(1.49)(it will go up or go down)) - issue price(1.23) - 2-5sen=around 15-18sen per right
and then u will have to pay rm1.23 per right to convert your right to mother share
This post has been edited by jayx733: Aug 15 2012, 09:47 PM
Aug 15 2012, 09:35 PM

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