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 [URGENT] Anyone can explain this right issue?, Thanks.

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lhfoo
post Jul 16 2012, 04:05 PM

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I have not received mine too. I am in Penang btw. Since the last trading day is 17th, what should we do if we don't receive the RSF and we could not sell it away? Will we just lost the rights and lost the rights worth?
lhfoo
post Jul 16 2012, 04:35 PM

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What will happen to the rights worth (RM0.18 at the moment)? Don't I lose the RM0.18/unit of rights?

QUOTE(ronnie @ Jul 16 2012, 04:16 PM)
You don't lose ANY money if you don't sell the rights or don't exercise the rights issue
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Do you mean I don't lose more money than I already have from stock dilution? I mean the mother stocks prior to the rights issue were at at RM1.15 and now only worth RM1.02, which means I already lose RM0.13/unit from the stock dilution, right? The only way to break even or profit some money is to earn back the RM0.18/unit of rights, or buy up more mother stock at RM0.83/unit. Please let me know if this is wrong. Thanks in advance.

lhfoo
post Jul 18 2012, 04:22 PM

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Cause worry if the process went through well before the deadline. And excited to know if excess application is successful smile.gif.


Added on July 18, 2012, 4:23 pmI received my RSF today too.

This post has been edited by lhfoo: Jul 18 2012, 04:23 PM

 

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