Dec 17 2008, 10:27 AM
QUOTE(kaiserwulf @ Dec 16 2008, 09:02 PM)
Hey guys,
I was introduced to the Motorola Stock Purchase Programme for Moto employees in Penang. It seems that we get to buy the shares at a 15% discount of normal price.
But my question is this: Stocks are sold in USD and we are paid in RM; what happens to the forex charges to change our money into USD to purchase the stock and when we sell it in USD we have to convert back to ringgit?
We have to pay the conversion rate twice?
Thanks.
I was introduced to the Motorola Stock Purchase Programme for Moto employees in Penang. It seems that we get to buy the shares at a 15% discount of normal price.
But my question is this: Stocks are sold in USD and we are paid in RM; what happens to the forex charges to change our money into USD to purchase the stock and when we sell it in USD we have to convert back to ringgit?
We have to pay the conversion rate twice?
Thanks.
QUOTE(kaiserwulf @ Dec 16 2008, 11:53 PM)
Thats because my friend at Moto was mentioning the plan to me; chatting about company benefits. I asked him about charges for the exchange rate and he was unsure.
@vin_ann: I do not understand the intent behind your post. If you are an employee of Moto or ex-Moto, then please feel free to share.
Bare in mind only employee of the company is eligible for the stock Purchase Programme or ESOS (locally called).@vin_ann: I do not understand the intent behind your post. If you are an employee of Moto or ex-Moto, then please feel free to share.
15% discount of normal price <---- what is the normal price? which is the most important that your friend has to find out. Everyday share price is changing. Some may use a particular average price for the period to determine the price then only discount 10 or 15%, which by now might be more expensive than buying from market as share price generally had plunged quite significant for these few months time.
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