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 Motorola Employee Stock Purchase Programme, Need some experts on this

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clsiluf
post Dec 17 2008, 08:50 AM

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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.  blush.gif
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i bought before ... not from motorola but other MNC ...

as usual, the charge is the brokerage fees and other misc fees ... and when they TT to your local account, the local bank will impose some minor fees as well ...


clsiluf
post Dec 17 2008, 02:55 PM

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actually is monthly deduction of base salary which is from 1-10%, and they will accumulate up to 6 months, then at 6th month, the last day, let said 31/10, they will sum all the 6 months money, let said RM3k, and convert to USD, the rate is follow that day, and then will determine how many units you entitle.

the market price also is the price at the closing time of 31/10 ... let said 40, then 15% discount, means they buy for you at 34 ...

This post has been edited by clsiluf: Dec 17 2008, 02:57 PM

 

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