Hi fellas. Need help here re IBhd rights issue. If you have 4 mother share yr entit to 5 rights @ 69 sen. Can someone explain how many ICULS will you be entitled to, holding 4 mother share on bf ex day & and I believe its 50 sen for each ICULS. Question here again how many ICULS does one suscribe to??
Morning Guy please read the above latest headline dated 08/09/2014 you might need quite a large amount of cash to aquire the total excercise. Please be ready.
pputeh : 1 mother share gets 5 ICULS before ex and need to pay 50cents each to subscribe.
2) Renounceable restricted offer for sale of up to 289,132,870 5-year 2% to 3% irredeemable convertible unsecured loan stocks of up to RM144,566,435 at 100% of its nominal value of RM0.50 each on the basis of five (5) ICULS for every one (1) share held by the OFS entitled shareholders as at 5.00 p.m. on 12 September 2014, at an offer price of RM0.50 each (“OFS”).
The OFS is undertaken by Sumurwang Sdn Bhd to I-Berhad’s minority shareholders excluding The Peak @ KLCC Sdn Bhd, its related parties and connected persons, such as Sumurwang Sdn Bhd, Sumur Ventures Sdn Bhd, Sumurwang Capital Sdn Bhd, Tan Sri Lim Kim Hong, Puan Sri Tey Siew Thuan, Tay Siew Lian and Tang Soke Cheng.
Major shareholder not subscribing to the loan stock. May undersubscribe
ahmoi68, you need to buy a bank draft from bank and a stamp worth RM10 then fill up a form to submit to registrar.Get the form from your remisier. Pay before 30 September to registrar.
Plse share. What's the advantage of subscribing the Iculs? Can i sell my entitlement for the Iculs on 15 Sept together with the entitlement for rights? TQ
Go4share, if you are only speculating, you may sell both rights and ICULS on 15 September. ICULS gives you interest 2% to 3% per annum and you can convert into mother maybe a year later depnding on the profile of the loan stock. This is where you see future value in the company in long run.
lynn, you are entite for right issue at rm0.69 each, it is normal to drop as today is ex date of right issue. same case with Wan Kooi, must buy right issue to minimum the loss.
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drsaham
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Posted by drsaham > 2014-08-28 12:24 | Report Abuse
Go go go