Hi all,

I just receved the Rights Subscription Form for the the rights to purchase MAS shares at RM1.60 a share.
The payment options available are Banker's Draft, Cashier Order, Money Order and Postal Order.

However, when i mentioned Banker's Draft to my nearest bank, they issued me a Banker's Cheque. I confirmed with the bank staff and she mentioned Banker's Draft and Cheque are the same.

I'm still having doubts. Worried as under the terms and conditions mentioned "Cheques and other modes of payment not acceptable". I'm assuming by "cheques" it means personal cheques as there is a chance they may bounce.

Anyone here can advise me asap? Plan to send in the Rights Subcription Form tomorrow.

Hi,

Can anyone explain to me in layman terms what is ICULS?

"ICULS, or Irredeemable Convertible Unsecured Loan Stock, is a security tied to common shares of stock that pays a coupon to the holder at a predetermined increment and rate. The ICULS can be converted to an underlying equity at anytime until its expiration.
When an ICULS is converted to common stock, it is converted using a predetermined conversion ratio that also governs the ICULS’s price. For instance, an ICULS with a 10:1 conversion ratio would be worth $1 if the underlying equity currently trades at $10."

Have a hard time understanding, and in what condition does this ICULS occur? What are the benefit, etc?

Thanks.

This post has been edited by lytros: Aug 30 2010, 01:30 PM

Thanks cherroy, will ICULS effect the price of the mothershare during issuing/maturity?