Renounceable rights issue of 656,740,426 new ordinary shares of RM0.50 each in Eco World Development Group Berhad ("EW Berhad") ("EW Berhad Shares) ("Rights Shares) at an issue price of RM1.20 per Rights Share, together with 525,392,340 free detachable warrants ("Warrants) on the basis of one (1) Rights Share for every two (2) existing EW Berhad Shares held as at 5.00 p.m. on 5 March 2015 ("Entitlement Date") and four (4) Warrants for every five (5) Rights Shares subscribed for ("Rights Issue with Warrants"
truthseeker1, ecoworld expand business elsewhere, like Australia and London. I thought they play the advert many times and you will get it :-). Watch carefully the location in the advert and that is where their investment is.
orange 1. For every two shares you buy, you can pay 1.20 to buy one more right issue shares. For every 5 right issues shares you pay (1.20) they will give you four warrant for free.
So if you buy two shares today. Then pay 1.20 you will own 3k shares and 800 warrants
you will receive the form in post to your home address if you own the shares. The way to pay will be written to you in the form. You can sell the warrant directly to the market. If you choose to exercise the shares, you will need to pay 2.08. Ask your remisier how to do this. Normally people will keep warrant for sometime and then sell it unless mother shares give you good dividend and rise much higher than your exercise price. The warrant price will be adjusted anyway in association to the mother share price. Check in inari forum with people that has done this recently, they are helpful too. Hope this helps.
Hi, is the right that I subscribe same as normal ecowld share? Example : I buy at 1k at RM2.44 Subscribe 500 rights at RM1.2 Then combine (share and right) together, Average price for 1.5k ecowld share at RM2.1
After that I get another 400 free warrant.
Izit calculate like this?
Do I have to convert the right to mother share or trade as different stock??
Yes to your first answer. Second answer, price will be decided when listed. If the warrant is priced attractively and mother share is performing well, then more people will buy warrant and potentially your warrant will give you more profit.
They use the subscription to buy land from ecoworld sdn and also will acquire the Ecoworld International SPAC 30% stake when listed. Keep tight and don't sell for quick profit.
ecoinvestor, do you mind to explain the date of the link that you give me? "Date for despatch of abridged prospectus and subscription forms" is the date they post form to us right? how about other date?
1.Date for commencement of trading of the rights 2.Date for cessation of trading of the rights 3.Date for announcement of final subscription result and basis of allotment of excess Rights Securities 4.Listing date of the Rights Securities
1 is starting date for shareholder to sell their rights if they don't want to subscribe Check 3. http://www.investopedia.com/articles/stocks/05/062905.asp This one you need to ask your remisier, if he don't answer, change :-) 2. Is stop/cease date of 1. 3. Announcement date of how many share holder has subscribe the right issue as not everyone want to pay. It will tell you how there are going to deal with the excess (left over rights). 4. Is the date your right issue shares become listed.
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....
masterpeace
190 posts
Posted by masterpeace > 2015-02-24 09:42 | Report Abuse
yes it will drop to below 2