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Latest Forum Topics / AF Global    Last:0.075    +0.001  Post Reply
25 Aug 2010 - LC Dev plans 1 for 5 rights issue
Sporeguy
Elite
30-Nov-2010 00:22     
 
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 Alert Admin 		Now the price is 13.5c, a drop of 2.5c, approx 15% drop.

Sporeguy      ( Date: 26-Aug-2010 14:20) Posted:

assuming neutral impact, new price = (5x18c+8)/6=16c.
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erickoh888
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11-Oct-2010 23:21     
 
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 Alert Admin

thank you Chinton,

 
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chinton86
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09-Oct-2010 01:17     
 
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 Alert Admin 		Means is pro-rata(Mean every one have equal amt of rights share to be given for the amt of shares u currently holds) non-underwritten means no one will take the remainding rights share that is not being subscribe.
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erickoh888
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08-Oct-2010 23:51     
 
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any shifu here can enlighten us the meaning of renounceable non-underwritten rights issue

 thanks!



yapyyf      ( Date: 26-Aug-2010 13:36) Posted:

what is the impact to existing shareholder. say, he/she has 50 lot now?

katak88      ( Date: 25-Aug-2010 21:14) Posted:

August 25, 2010, 7.37 pm (Singapore time)

LC Development plans 1 for 5 rights issue


 

By ANGELA TAN

 

L.C. Development Ltd announced on Wednesday that it is planning a renounceable non-underwritten rights issue of up to 171.64 million new shares at an issue price of 8 cents for each.

 

The rights shares will be issued on the basis of 1 rights share for every 5 existing shares.

The issue price represents a discount of 55.56 per cent to the closing price of S$0.18 per share for trades done on August 25, 2010.

If the issue is fully subscribed, the company expects to raise a net procced of S$13.2 million, which will be used to repay a revolving credit facility which had been drawn down for investment in the Xuzhou China project as well as for the general corporate and working capital requirements.
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Hulumas
Supreme
16-Sep-2010 15:08     
 
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Yells: "INVEST but not TRADE please!"
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 Alert Admin 		Now then I know, this counter so many short sellers. With so much volume still it can hardly even moving up by 2 points. Hopefully, when about closing time, short sellers will push the price upward while recovering their shorted shares! It should be closing at either Sgd. 0.18 or 0.185 I suppose!

Sporeguy      ( Date: 26-Aug-2010 14:20) Posted:

assuming neutral impact, new price = (5x18c+8)/6=16c.
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Hulumas
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15-Sep-2010 23:25     
 
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 Alert Admin 		I keep buying today onward for one month range trading counter. Target peak price within one month hopefully is Sgd. 0.28.

yapyyf      ( Date: 26-Aug-2010 14:30) Posted:

thanks a lot

Sporeguy      ( Date: 26-Aug-2010 14:20) Posted:

assuming neutral impact, new price = (5x18c+8)/6=16c.
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yapyyf
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26-Aug-2010 14:30     
 
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 Alert Admin 		thanks a lot

Sporeguy      ( Date: 26-Aug-2010 14:20) Posted:

assuming neutral impact, new price = (5x18c+8)/6=16c.
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Sporeguy
Elite
26-Aug-2010 14:20     
 
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 Alert Admin 		assuming neutral impact, new price = (5x18c+8)/6=16c.
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yapyyf
Member
26-Aug-2010 13:36     
 
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 Alert Admin 		what is the impact to existing shareholder. say, he/she has 50 lot now?

katak88      ( Date: 25-Aug-2010 21:14) Posted:

August 25, 2010, 7.37 pm (Singapore time)

LC Development plans 1 for 5 rights issue


 

By ANGELA TAN

 

L.C. Development Ltd announced on Wednesday that it is planning a renounceable non-underwritten rights issue of up to 171.64 million new shares at an issue price of 8 cents for each.

 

The rights shares will be issued on the basis of 1 rights share for every 5 existing shares.

The issue price represents a discount of 55.56 per cent to the closing price of S$0.18 per share for trades done on August 25, 2010.

If the issue is fully subscribed, the company expects to raise a net procced of S$13.2 million, which will be used to repay a revolving credit facility which had been drawn down for investment in the Xuzhou China project as well as for the general corporate and working capital requirements.
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katak88
Senior
25-Aug-2010 21:14     
 
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 Alert Admin
August 25, 2010, 7.37 pm (Singapore time)

LC Development plans 1 for 5 rights issue


 

By ANGELA TAN

 

L.C. Development Ltd announced on Wednesday that it is planning a renounceable non-underwritten rights issue of up to 171.64 million new shares at an issue price of 8 cents for each.

 

The rights shares will be issued on the basis of 1 rights share for every 5 existing shares.

The issue price represents a discount of 55.56 per cent to the closing price of S$0.18 per share for trades done on August 25, 2010.

If the issue is fully subscribed, the company expects to raise a net procced of S$13.2 million, which will be used to repay a revolving credit facility which had been drawn down for investment in the Xuzhou China project as well as for the general corporate and working capital requirements.
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