CK>> Shareholders of KrisAssets would be able to receive their entitled IGB REIT shares on 19/10/12. We should expect to see a massive buy/sell volume on IGB REIT shares on that day.
Question:
What would be the KrisAsset's share price on 3/10/12, which is the Ex-date of this distribution-in-specie entitlement? Would it be around
RM4.00++ per unit (based on IGB REIT reference price RM1.00 as in disposal document) or
RM2.00++ per unit (based on IGB REIT reference price RM1.25, the fixed retail price during IPO)?
Erm... No idea, a little bit confusing... Let's wait and see what would happens next.
[Away to China Chengdu from 24/9 to 1/10 for business trip, with very limited Internet access during that period of time... Super WRONG timing... Sigh!]