Y is there a sharp drop in the share price lately?

MClove: Thanks a lot for the much valuable info! :)

MClove: Quoting your statement: "Your are almost right. But your 4000 shares of mother is still in your hand if you dont sell it."
So does it mean that if I sell my 5000 right shares + 20000 ICULS, my 4000 mother shares are not affected?

Thanks again. By the way, what's your view on this I Berhad? Seems like they are a bit only localised in Shah Alam area.

MClove: Thanks for the details explanation just now. Well, just to sum up again based on your explanation just now. If I choose not to subscribe, meaning I will give up my mother shares of 4000. And at the same time on Sept 15, I would have 5000 right share to sell, and another 20000 of ICULS (Converted from my mother shares?). Does it work this way?

In short, these 4000 mother shares automatically give rise to 5000 right share + 20000 ICULS, and if we sell these 5000 right shares + 20000 ICULS, our 4000 mother shares would no longer exist in our hand? Correct me if I am wrong.

Thanks again - I am still a newbie though, haha.

MClove: Thanks for the info. I am still quite confused on this - let say if i sell 5625 of shares on 15 Sept, then my mother share would also be included as part of the 5625 shares right, and I would by then have no more shares in my hand, right? (If I initially have 4000 mother shares).

Looking at your initial estimate, seems like loss is inevitable if we decided to sell. Am I right?

On the other hand, I am not so clear on the IBHD-OR and IBHD-IR. Would you help to explain for me as well? (I.e. their similarity and difference).

Thank you very much.

MClove: So does it mean that if we do not opt to subscribe to right, how much could we actually sell on 15 Sept? Eg if I have 4500 shares as in your example. Does it mean that on 15 Sept we could sell 5625 shares, if we choose not to subscribe? If we sell it to the market on that day, what would be the starting price? Still RM 0.69? Kindly advise. Thanks.