wonderkid969

wonderkid969 | Joined since 2020-08-14

Investing Experience -
Risk Profile -

Followers

0

Following

0

Blog Posts

0

Threads

2

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
2
Past 30 days
0
Past 7 days
0
Today
0

User Comments
Stock

2020-11-12 09:13 | Report Abuse

This is additional knowledge also from cgs when i ask them about Sunway -PR

1. What is the stock type?
Sunway PR It is a rights issue. A rights issue is an invitation by the listed company to investors buy additional shares. It is an optional subscription. You may subscribe to convert the rights for more shares, usually at lower price than the market price. Read more about rights issue here: https://www.investopedia.com/investing/understanding-rights-issues/

2.What is the syariah status
It is not a long term listed stock. It is available for the duration to process the conversion from rights to mother shares. Hence it is not audited by the Shariah Advisory Board. But since this rights issue will be converted to mother shares, we advise you to compare against mother shares status,

3. Can i sell the stocks as normal? Is there any impact before/after selling?
You can sell the Sunway PR, same way you sell other stocks. It is availabl to trade until 18 Nov 2020. The only impact of selling this is, once sold, you surrender your rights to subscribe for more shares.
However, please note that this is a Preference Rights (PR), if they are subscribed, you will received preferred shares.

You may read more about the announcement on Bursa website:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3099168
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3098580
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3098580
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3098582

Stock

2020-11-12 08:49 | Report Abuse

Just a knowledge sharing in bahasa...

hope this will helps to expand our knowledge in preference share..link as below

https://www.majalahlabur.com/saham/apa-itu-preference-shares-dan-apa-bezanya-dengan-saham-biasa-ordinary-shares/

Regards,
Wonderkid969