1) both OR and PR that you are entitled (free) last trade date is 3-May. You can buy/sell now in the market...All decision need to make by 3-May. Call your remisier/dealer.
2) if you want to exercise your right for OR, and convert to mother on 28-May, need to pay 0.20/unit + RM12 (register/misc fees)
3) if you want to exercise your right for PR, need to pay 0.02/unit + RM12 (register/misc fees). You are given 5 years period to 'think' when to convert to mother at 0.20 ... if lucky ... few years later mother market price might be 1.00 :D
4) You can buy more OR/PR now from market to exercise the Rights mentioned in 2) & 3)
@luckypunting what happen if for example mother share rise to RM1.00 in 4 years.
1. What happened to that PR right if mother share is RM1? Does the PR price increment stop at 3 may? 2. How much i need to pay to convert that PR to mother share once mother share reached RM1
@skajflka, if not mistaken the PR will turn to PA after 28-May listing date ... will fluctuate follow mother up up down down .. conversion price still stay at 0.22 even though mother price is RM5.00 few years later .. wishful thinking :P
If me also buy PR la. Option to purchase the share at 0.2 for the next 5 years. Spend little money to gain big in future if the company grows the next few years. If lingkup pon, rugi not much. You also can keep ur current capital for other counter plays for now. Better than buying mother even at 0.2 now.
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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....
khpwwl
3,435 posts
Posted by khpwwl > 2021-04-26 10:09 | Report Abuse
check with your remiser or banker, they will explain to u