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CapitaComm Rights
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anselmang
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12-Jun-2009 15:17
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Alligator, you mention in point 2. You must pay 0.59 before 24 June, if no payment before this date, the nil-paid rights will become worthless. Qn) how do I go about paying for this 0.59 before 24Jun? via the usual ATM payment for rights issue? am I still entitle to the dividend for 1Jan-30Jun09? can anyone enlighten me? Thanks. |
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anselmang
Member |
12-Jun-2009 14:12
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Thanks Alligator and amilytan for the education! 
does it mean that if you subscribe and own the nil paid rights, you simply pay $0.59 for it to become a mother share. if you do not own the nil paid rights, then you have to "top-up" the $0.59 to own the nil paid rights, on top of the price you pay for the hil paid rights+trade commission. Is it correct? when is it converted to be the mother share? 24Jun09? Thanks again. |
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Alligator
Veteran |
12-Jun-2009 14:04
Yells: "learning from past " |
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Yes , the formula is correct. The price of nil-paid rights is quoted in SGX since it is being traded. At this point it is 30 cents to 30.5 cents, mother share is traded at 91 cents to 91.5 cents. We do not know what is the price of nil paid rights on 18 june. that is up to the market force to decide. |
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amilytan
Member |
12-Jun-2009 13:48
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your total cost is = price paid on nil-paid rights + trade commission + 0.59. How much is price paid on nil-paid rights? Let say on 18 Jun CapitaComm R = 0.35. Then is this mean that the Total Cost Convert to Mother share will be total cost = 0.35 + trade commission + 0.59 ? | ||
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Alligator
Veteran |
12-Jun-2009 13:24
Yells: "learning from past " |
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Yes, you need to pay 0.59 to convert nil-paid rights ( CapitaComm R) to mother shares. so your total cost is = price paid on nil-paid rights + trade commission + 0.59. You also need to be aware of: 1. Last day of trading nil paid rights is 18 June, after that no more trading 2. You must pay 0.59 before 24 June, if no payment before this date, the nil-paid rights will become worthless.
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anselmang
Member |
12-Jun-2009 12:26
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I'm new here, so can I ask some silly questions? Must I pay $0.59 on top of the CapitaComm R price to get the mother share? How does it work? |
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