Dear maxliuk

(1) You can't buy anymore rights now because the share is trading XR (X rights). But you can apply for more than your entitled No. of mother shares when you pay to convert your rights to mother shares.

(2) Yes the rights would become 0 in value if you don't  sell it or convert it to mother shares.

(3) To convert to mother shares you have to go to an ATM of a participating bank  (DBS is one of them) and pay to convert rights shares to mother shares. You must do this during the period that is allocated. You can also send a bank draft to the CDP . You have to wait for the letter from them first.

Hope this helps

Hi Don't worry

It is because the period for you to purchase the rights shares is not open yet. You will receive a letter showing you how much you are entitled to and the closing date for purchase. I think it is in Oct 9 if I am not mistaken

Q:  I should be getting an odd lot entitlement , i.e. 7700. For over allotment, is it possible to have something that ends with xx,300 shares, so as to round up the total shares holdings ?

A: Yes. You should apply for xx, 300 excess rights units. They will give preference for rounding up of odd lots, so you most likely get to round up 300 excess rights units to whole number units, though you may or may not get the entire excess rights you applied for. For e.g. you applied 13300 excess rights units and maybe they give you only 5300 excess rights units......this is just an illustration and not to be taken as always true.

Q : By your experience, the over allotment rights, how far can I push my luck in getting it ? Say 300-400% of my original rights entitlement ?
Q: Over-allotment. Is it that I will either get :

 - all the rights issue that I bid for

-  nothing at all

- something in between ?

A: By all means, you can apply as many excess rights units as you can pay for them over the atm. However, they may not give you too many excess rights units depending on how popular this rights exercise is and how many rights units are not subscribed by existing unitholders that can be transferred to you as excess rights units you applied for. By the looks of this rights exercise, I think the chance of getting many excess rights is low as the institutional investors have agreed to subscribe for their portions of rights units. The rights units are also attractively priced and cheap ($0.155 per unit), so most existing unitholders may want to take it up also. It is a supply and demand thing same as buying and selling of shares.

You will most likely get your 300 excess rights out of all the excess rights you applied for since they give preference to rounding of odd lots in your case. However, the exact number of excess rights you get in the end is anybody's guess. You will know when you receive a letter closer to Oct 15 indicating how many excess rights you get. Last time when I participated in their rights issue, I only get a portion of the excess rights I applied for. No harm trying to apply as many as you can pay for, but in the end unlikely to get all of the many excess rights you applied for.