QUOTE(gark @ Mar 3 2015, 01:07 PM)
If you see the history of Insas-LA (Loan stock), Insas has been paying interest consistently from 2002 until 2007.
Lets see the what is the profile of Insas-PA in the prospectus... on the payment.
Interest rate : 4% paid every 6 months (5 years)
Redeemable at RM 1 by Insas ANYTIME before maturity
Cannot convert to Insas Shares
Can combine Insas-PA with Insas-Wa in exchange for 1 Insas ordinary share
No voting rights
On the consistency of dividends.
1. Priority dividend compared to other shareholders
2. In case of insolvency, the RM 1 is in preference to be paid, ordinary shareholders get nothing
thanks gark Lets see the what is the profile of Insas-PA in the prospectus... on the payment.
Interest rate : 4% paid every 6 months (5 years)
Redeemable at RM 1 by Insas ANYTIME before maturity
Cannot convert to Insas Shares
Can combine Insas-PA with Insas-Wa in exchange for 1 Insas ordinary share
No voting rights
On the consistency of dividends.
1. Priority dividend compared to other shareholders
2. In case of insolvency, the RM 1 is in preference to be paid, ordinary shareholders get nothing
i still confuse about this
The preference shares is offered at RM1.00 with 2 warrants attached for every preference shares purchased.
For each insas-PA, we will get 2x free warrants?
Mar 3 2015, 01:17 PM

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