Sembcorp Ind    Last:6.45   -

2 Bonus shares to 5 Ordinary Sharees

SCI 2Q07 due out on Tue 7 Aug.

Wonder if  the parent company will also issue bonus shares.

 

Hi tiandi,

Thanks for the reply.

 

Hi hlayar,

It Semb Corp Marine proposing. Announce in their recent announcement. me still vested.....

 

mediacraze

Q:  Does it something like this 1 lot = 1000 shares, and with 2 bonus shares to 5 shares Therefore 1 lot = 1400 shares? hmm......??

A: yes, so 1000x5.35=5350, 1400x3.821=5350..

 

Hi Hi everyone! Is it SemCorp or SemCorpMarine that is proposing bonus issue?

 

Thank you Elfinchilde.

Does it something like this

1 lot = 1000 shares, and with 2 bonus shares to 5 shares

Therefore 1 lot = 1400 shares? hmm......??

 

means you'll get 2 shares for every 5 that you own; but share px will dilute due to increased share cap. so from today's px of 5.35, you can expect SCI to be rerated to abt 3.82.

they're prob doing it to make it more affordable to investors.

 

Will comeone explain how this work...

".....the Company is proposing a bonus issue of new ordinary shares in the captial of the Company ("Bonus Shares") on the basis of two (2) Bonus Shares credited as fully paid for every five (5) existing ordinary shares held by the shareholders......"

thank you