AF Global
Last:0.062
-
25 Aug 2010 - LC Dev plans 1 for 5 rights issue
Post Reply
1-10 of 10
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. |
|
thank you Chinton,
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.
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. |
|
|
|
|
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. |
|
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. |
|
|
|
thanks a lot
Sporeguy ( Date: 26-Aug-2010 14:20) Posted:
| assuming neutral impact, new price = (5x18c+8)/6=16c. |
|
assuming neutral impact, new price = (5x18c+8)/6=16c.
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. |
|
|
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. |
