Bought OR @1.5 sen, will subscribe for rights shares by paying another 21 sen, ie.total cost 22.5 sen per share, as the rights shares also entitled to the 2 sen special dividend !!!
Total cost after conversion only 22.5 sen compare to buying mother 24.5 sen gain 2 sen.
Bought OR @1.5 sen, will subscribe for rights shares by paying another 21 sen, ie.total cost 22.5 sen per share, as the rights shares also entitled to the 2 sen special dividend !!! 19/04/2017 15:34
If u prepare to subscibe is fine but not for speculating. For your info. u won't get the dividend from this conversion. It will be listed as LG A for sometime for it to be merge into mother share later on.
tah16600, please check the company's bursa announcement or better still the company's share registrar if u not sure, there will not be an 'A' shares under this rights issue !!!
Kris Wong you are right. Right issue shares listed before dividend ex-date so entitle.
Kris Wong tah16600, please check the company's bursa announcement or better still the company's share registrar if u not sure, there will not be an 'A' shares under this rights issue !!! 19/04/2017 15:58
As I know the right share will also enjoy dividend 2 cent since it's expired on 22/5/2017. It's still 1 month to go expired. for sure right share will appear on hand before the date.
In announcement it didn't show the right share named different like L&G-XX, it's mean we will get L&G mother share after subscribe to pay 21cents.
For my opinion, don't spent all money into buying OR, you just spend half of budget to buy OR, then apply for extra share while doing subscription 21 cents. you will get more free OR to subscript.
Mayland wan to eat up the free share to increase its shareholder % to control the company. we must thinking how to protect we, ikan bilis's benefit to against the big boss. For this, I wont believe L&G will drop below 20cents unless the economic crisis is coming.
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