Dear all, i see that WingTM has a rights issue but i don't understand how it works.
ExDate : 4 Aug. Entitlement date : 6 Aug
Renounceable rights issue of up to 164,195,066 new ordinary shares of RM1.00 each in Wing Tai Malaysia Berhad ("Wing Tai" or "Company") ("Shares") ("Rights Shares") on the basis of one (1) Rights Share for every two (2) existing Shares held by the entitled shareholders on 6 August 2015 at 5.00 p.m.
1) If i buy 1000 shares on 3.8.15, i will be entitled to 500 rights?
2) I have a nominee CDS account. How do I exercise the right? Will i receive any documents? Will it appear in my online CDS account?
3) If I don't exercise the rights, i will lose money because the share price would drop dt dilution. That means if i don't plan to exercise the rights, i should sell it off?
Thanks in advace

3) Yes. In fact u can sell the 'rights' if u dun want to subscribe RI