as long as u have KNM share as of last friday then u will this KNM-OR . 5 KNM share = 1 KNM OR. If you keep untill this friday then u pay the RI u will get another 2 KNM - WB for 2 KNM-OR u still holding
How to pay for the RI? Auto deduct from our Trading Acc?
"small_investor: as long as u have KNM share as of last friday then u will this KNM-OR . 5 KNM share = 1 KNM OR. If you keep untill this friday then u pay the RI u will get another 2 KNM - WB for 2 KNM-OR u still holding
KNM - NOTICE OF RIGHTS ENTITLEMENT LISTING'S CIRCULAR NO. L/Q : 72735 OF 2015 RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,431,442 NEW O RDINARY SHARES OF RM0.50 EACH IN KNM GROUP BERHAD (“KNM”) (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE( S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD AS AT 5.00P.M. ON 27 M ARCH 2015 (“ENTITLEMENT DATE”) TOGETHER WITH UP TO 215,215,721 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRIC E OF RM0.50 PER RIGHTS SHARE (“RIGHTS ISSUE WITH WARRANTS”).
Kindly be advised of the following :
1) The Rights commence of trading : [ 30 March 2015 ]
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : [ 31 March 2015 ]
3) The last day and time for Acceptance, Renunciation and Payment : [ 13 April 2015 @ 5:00pm ]
4) The Rights cease quotation : [ 6 April 2015 ] The Stock Short Name, Number and ISIN Code [ KNM-OR, 7164OR and MYL7164OR009 ] respectively
OR is right issue, if u want convert OR to main share, need to pay 0.50 , let said u OR have 5000, then convert to Main share pay 5000 x 0.50 = RM 2500
if u dont want convert OR to main share, then you need to sell you OR to take the profit... but better convert...
thx2012 thanks for the info. what's the process of conversion? if OR sold before 16 April 2015 then can't subscribe for the rights? or is it separate thing?
Who ask u buy when share capital out in the market sure drop for the time being....go buy more later reduce the average price and just keep till can make profit...must holding power lor.
Being looking at this counter but always bear in mind the crude oil negativity. Same for construction counter. U sense something not right when there is so many property sales exhibition in shopping malls etc.
Agreed i think this year property sales drop due to gst and most of them have spent it last year to curb the hike in prices.....will continue to see increase in consumer deposits rather than spending start of tomorrow
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
darryltee
42 posts
Posted by darryltee > 2015-03-30 08:50 | Report Abuse
guys.. can somebody explain to me why I have KNM-OR credited into my account?