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Please advise, what below means:
The renounceable non-underwritten rights issue by the Company of up to 828,517,880 Rights Shares at an issue price of S$0.01 for each Rights Share with up to 828,517,880 free detachable Warrants, each Warrant carrying the right to subscribe for one (1) New Share at an exercise price of S$0.02 for each New Share, on the basis of one (1) Rights Share for every one (1) existing Share held by Entitled Shareholders as at the Books Closure Date, and one(1) Warrant given with one (1) Rights Shares subscribed, fractional entitlements to be disregarded.
Buy R n subscribe n get warrant free
this rights now trade at $0.006. should subscribe the allotment at $0.01 or open market at $0.006, please advise. thanks