sorry, am a newbie in trading in shares. what should I do now with my present 3000 shares with the price of $2.39? do not quite understand 'Right issue'.

thanks for sharing.

I got some information from poems but you can always check reuters. http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSSGC00101320090209

NEWS RELEASE
CapitaLand    Raises    Capital    from    a    Position    of    Financial    and    Business    Strength
Rights    issue    to    raise    approximately    S$1.84    billion
Rights    issue    price    of    S$1.30    per    Share
45%    discount    to    closing    price    of    S$2.36    per    Share
Singapore, 9 February 2009 – CapitaLand Limited (“CapitaLand”) today announced a rights issue (“Rights Issue”) to raise gross proceeds of approximately S$1.84 billion. Under the Rights Issue, eligible shareholders will be entitled to subscribe for one new ordinary share (“Rights Share”) for every two existing ordinary shares held as at the books closure date1 for the Rights Issue at an issue price of S$1.30 per Rights Share. The Rights Issue is a strategic initiative that is consistent with CapitaLand’s track record of proactive capital management. The Rights Issue will significantly enhance the Group’s financial flexibility and further enhance its competitive position.
The Rights Issue will be underwritten in full by the Joint Lead Managers and Joint Underwriters, namely, DBS Bank Ltd., J.P.Morgan (S.E.A.) Limited and Merrill Lynch (Singapore) Pte Ltd. In support of the Rights Issue, Fullerton (Private) Limited, which is wholly-owned by Temasek Holdings (Private) Limited (“Temasek”), a major shareholder of CapitaLand with a direct interest in approximately 39.68% of CapitaLand’s current issued share capital, has entered into a sub-underwriting agreement with the Joint Lead Managers and Joint Underwriters and has undertaken to subscribe for its pro rata entitlement of Rights Shares.
CapitaLand is raising capital from a position of financial and business strength. Despite challenging real estate markets globally, the businesses of CapitaLand and its subsidiaries (the “Group”) continued to deliver strong performance and recorded a PATMI of S$1,260 million for the financial year ended 31 December 2008.
CapitaLand continued to successfully realise asset values by monetising S$3.3 billion worth of assets in 2008 at the peak of the cycle.
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1 The books closure date for the Rights Issue is on 23 February 2009 at 5.00 p.m., subject to the receipt of the approval of SGX-ST for the listing of and quotation for the Rights Shares. Not for the Rights Issue.
The Group has significant financial strength to weather the global economic uncertainties, with a total book equity of S$12.0 billion, a low net debt-to-equity ratio of 0.47, a strong liquidity position with S$4.2 billion of cash on the balance sheet, and a comfortable debt profile of 4.4 years of weighted average term of debt as at 31 December 2008.
Dr Richard Hu, Chairman of CapitaLand Group said: “Over the years, in the course of managing through severe crises such as a prolonged one between 2001 and 2003, we have become one of the largest real estate companies in Asia. We have leadership positions in our core markets of Singapore, China and Australia. Our well-diversified multi-sector real estate portfolio and our established “multi-local” operational presence strategy will enable the Group to ride out the global downturn. We have also consistently adopted a proactive stance in strategic capital management.”
Mr Liew Mun Leong, President and CEO of CapitaLand Group said: “The Rights Issue is pre-emptive to strategically enhance the Group’s financial flexibility. A strong balance sheet will further differentiate CapitaLand vis-à-vis our competitors. This is especially critical in a capital and liquidity constrained global environment where there is a prevailing “flight to quality” across all industries. The Rights Issue allows the Group to continue to build on its successful long-term strategy and capitalise on this opportunity to significantly improve its competitive position. A stronger balance sheet will also allow us to enhance our strength in our core businesses of residential, retail malls, commercial, serviced residences, integrated developments and real estate financial services. We will also be well-positioned for any mergers and acquisitions opportunities that might arise.”
The Rights Issue will provide the Group greater financial capacity to pursue acquisitions and investment opportunities that may arise, allowing us tactical and strategic growth prospects. CapitaLand will not be using any proceeds from the Rights Issue to subscribe and pay for its relevant subsidiaries’ pro rata entitlements of units, or such number of excess units they may apply for under the CapitaMall Trust Rights Issue announced today.
Eligible shareholders have the opportunity to subscribe for the Rights Shares at a price of S$1.30 per Rights Share, representing a discount of approximately:
1) 45% to the closing price of S$2.36 per Share on 6 February 2009 (being the last market day before this date),
2) 51% to the volume weighted average price of S$2.66 per Share for the onemonth period immediately preceding this date,
3)    35%    to    the    theoretical    ex-rights    price    (“TERP”)    of    S$2.01    per    Share;    and
4) 54% to CapitaLand’s post-Rights Issue net tangible asset (“NTA”) of S$2.80 per Share. The TERP of S$2.01 per Share is at a discount of approximately 28% to CapitaLand’s post-Rights Issue NTA of S$2.80 per Share.
The Board of Directors believes that the Rights Issue is in the best interests of shareholders and the Group as a whole. Based on the current indicative timetable of the Rights Issue, the Rights Shares will be entitled to the dividends for the year ended 31 December 2008 which will be tabled for shareholders’ approval at CapitaLand’s upcoming annual general meeting scheduled to be held in April 2009.
As at 31 December 2008, the net debt-to-equity ratio of the Group was 0.47 and the NTA per Share was S$3.57. After adjusting for the estimated net proceeds of the Rights Issue, the proforma net debt-to-equity ratio of the Group is expected to improve to 0.28 and the NTA per Share is expected to decrease to S$2.80.

5 lots is confirmed you will get. U wan to apply for 100 lots excess also can, provided somebody else never take up.

In this case, better to have odd number of lots, becos they usually try to round up for you.