The holders of the Warrants 2012/2017 ("Warrantholders") whose names appear in the Record of Depositors of HTVB for the Warrants 2012/2017 as at 5.00 p.m. on 27 May 2016 ("Entitlement Date") shall accordingly be entitled to the Adjustments. For illustrative purposes only, a Warrantholder holding 100 Warrants 2012/2017 and whose name appears in the Record of Depositors for Warrants 2012/2017 on the Entitlement Date shall be entitled to 44 additional Warrants 2012/2017 and the exercise price of the outstanding Warrants 2012/2017 shall be adjusted from RM0.69 to RM0.54 per Warrant 2012/2017 based on the 5-day volume weighted average market price per HTVB Share up to and including 16 May 2016, of RM0.45 each.
The price adjustment for rights issue, because of today is the ex-date. The ratio is 2 rights for every 5 existing shares. Means that if you hold 1000shares, you will get 400 rights(HIAPTEK-LR), the rights will be received on 30 May 2016. As this rights is renounceable, means you can sell/buy it, for few days only(until 03 Jun 2016). Or you can subscribe the RCUIDS @RM0.50, for every RCUIDS subscribed, you will get 1 free warrant & 2 free new shares of hiaptek.
cytew,is it mean that hugomorales bought at 0.41 for 200 lots . total cost 8.2k . if he sell all now at 0.27 then he get back 5.2k and use all to subscribe hiaptek LR @ 0.5, He can get 104 lots LR, free 104 lots warrent and 208 lots hiaptek. If at the end LR trade at 0.36 as u estimate, mean his total share worth 104lots LR @ 0.36= 3744 + 208 lots hiaptek @ 0.27 = 5616 and warrent . in total his share worth rm9360 + warernt ? Please correct me , im newbie and i stucking at 0.46 . the price of mother share will adjust again on bonus issue ?
200lot will get 80lot LR, ( I assume 1 lot is 100 shares), by selling 20,000 shares at 27 sen , the proceed is RM 5400, to subscribe for 8000shares of LR, you need Rm4000, balance cash RM 1400 can be used for Excess application, scenario 1, excess application not successful, RM 1400 being return, means you have cash Rm 1400+ bonus 16000 Hiaptek shares+8000 Hiaptek wb+ 8000 Hiaptek -LA
mean he get back rm1400+ (bonus 16000 @ 0.27 hiaptek share = rm4320) + (8000 LA @ 0.31 (as estimated) = rm2280) + 8000 hiaptek wb
total is rm1400+ RM4320 + RM2480 = RM 8200 + hiaptek wb
his cost was 200lots @ 0.41=RM8200, mean if he sell all and subscribe RCUIDS will make profit rm100 + Wb ?
Tan Boon Sun - the bonus entitlement is 8,000 and not 16,000 shares. So on the assumption that the RCUIDS (or LA) is subscribed and share price remains at 27 sen, the position should be
As a cross-check, by buying at 41 sen, the ex-cost price is worked out to be 29.285 sen ( RM 8,200 divided by 28,000 shares) and selling all the 28,000 shares at 27 sen will lead to loss of RM 640 ( deficit of 2.285 sen multiply by 28,000 shares).
(II) Bonus issue of up to 853,137,200 new HTVB Shares ("Bonus Shares") to be credited as fully paid-up on the basis of two (2) Bonus Shares for every one (1) RM0.50 nominal value of RCUIDS subscribed pursuant to the Rights Issue ("Bonus Issue") (Collectively referred to as "Corporate Exercises").
tan9232...lets say I have 300,000 shares @ at 0.41 ....what is the the new position? possible to give me a better understanding on this deal...RCUIDS..bonus etc. Thks i would appreciate it
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Posted by style > 2016-05-24 23:31 | Report Abuse
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