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Rights Issue
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katak88
Senior |
11-Feb-2009 17:10
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Last updated on 02/11/2009 03:00:46 AM |
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fruitty
Senior |
08-Jan-2009 21:03
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Hi katak88, thanks for answering my question! |
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katak88
Senior |
08-Jan-2009 08:23
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Yes. You can sell the "nil-paid" rights shares during the limited trading period of about 1 week before the Last date for acceptance and application of excess rights shares. Rights issues a punting opportunity?
http://www.nextinsight.com.sg/content/view/821/60/ |
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fruitty
Senior |
07-Jan-2009 23:14
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I own HG shares. Am I able to sell the rights in the market which I do not want to subscribe to? If it can be done, does the rights buyer still have to pay $0.09 to convert the rights into shares? |
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katak88
Senior |
07-Jan-2009 22:44
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Last updated on 01/07/2009 03:00:45 AM Listing date of rights share is still not available yet. Most likely 5 to 6 weeks after BC/record date ie. end Feb/early March.
IMPORTANT DATES AND TIMES Last date and time for lodgment of Proxy Form : 17 January 2009 at 10.00 a.m. Date and time of Extraordinary General Meeting : 19 January 2009 at 10.00 a.m. Place of Extraordinary General Meeting : No. 28 Jalan Buroh
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katak88
Senior |
02-Jan-2009 22:44
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ANNOUNCEMENT PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF SHARES NOTICE OF DESPATCH OF CIRCULAR AND CONDITIONAL BOOKS CLOSURE DATE
Unless otherwise defined, all terms and references used herein shall bear the same meaning ascribed to them in the announcement of HG Metal Manufacturing Limited (the " Further to the Company’s announcements on 25 November 2008 and 31 December 2008, the Board of Directors of the Company wishes to announce that the Company has today despatched to the Shareholders, a circular dated 3 January 2009 (the “ The EGM will be held on 19 January 2009 at 10.00 a.m. at No. 28 Jalan Buroh, Jurong Town, Singapore 619484. NOTICE IS HEREBY GIVEN
Entitled Shareholders whose securities accounts with the CDP are credited with Shares as at 5.00 p.m. on the Books Closure Date will be provisionally allotted the Rights Shares under the Rights Issue on the basis of the number of Shares standing to the credit of their securities accounts with the CDP as at 5.00 p.m. on the Books Closure Date.
Shareholders whose securities accounts with the CDP are credited with Shares and having registered addresses outside Singapore, may provide the CDP, at 4 Shenton Way #02-01 SGX Centre 2, Singapore 068807, with an address in Singapore for the service of notices and documents at least five (5) market days prior to the Books Closure Date.
Duly completed and stamped transfers in respect of Shares not registered in the name of the CDP, together with all relevant documents of title received by the Company’s share registrar, M & C Services Private Limited, 138 Robinson Road #17-00, The Corporate Office, Singapore 068906, up to 5.00 p.m. on the Books Closure Date will, subject to the Articles of Association of the Company, be registered to determine the Entitled Shareholders’ provisional allotments of Rights Shares under the Rights Issue.
For practical reasons and in order to avoid any violation of the securities legislation applicable in countries other than Singapore, the Rights Shares will BY ORDER OF THE BOARD Wee Piew
Chief Executive Officer
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novicetrader
Senior |
21-Apr-2007 07:42
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When will the Rights Issue be converted to ordinary shares? | ||||||||||||
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