QUOTE(eltaria @ Mar 27 2009, 11:51 AM)
Kindly be advised of the following :
1) The Rights commence of trading : [ 7 April 2009 ]
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of
Offer :
[ 7 April 2009 ]
3) The last day and time for Acceptance, Renunciation and Payment :
[ 21 April 2009 @ 5:00pm ]
4) The Rights cease quotation : [ 14 April 2009 ]
The Stock Short Name, Number and ISIN Code [ MAYBANK-OR, 1155OR and
MYL1155OR003 ] respectively
MANAGER, SEC. MARKET
So, as a shareholder, i'll get this MAYBANK-OR on 7th April, 9 lots?
Which I can sell or convert to the mother share? Same concept with warrants?
Added on March 27, 2009, 11:54 amMaybe I'll just wait and buy after the rights issues, to save me some headache.. :S
If you have 20 lot of Maybank, yes, you will have 9 lots.
You can sell during its trading period of 1 week.
It it not converted to mothershare but it is the right for you to buy new Maybank share at 2.74.
(quite similar to warrant)
If really want to buy Maybank share for long term holding, it is advisable to buy after the right issue being listed, but not after being ex-right, as after the right issue being listed, it could potential a selling force as those buy at 2.74 could sell at a market price higher than 2.74.
But nothing for certain, then price will go down after right issue being listed, as share price is affected by overall market sentiment from time to time.