rights issue of up to 157,433,598 new ordinary shares in Mitrajaya Holdings Berhad ("MHB") ("MHB" Share(s)") or ("Share(s)") ("Rights Share(s)") at an issue price of RM0.59 per Rights Share, on the basis of one (1) Rights Share for every five (5) existing MHB Shares held as at 5.00 P.M. on 26 March 2018, together with up to 78,716,799 free detachable warrants ("Warrant(s) E") and an attached Bonus Issue of up to 78,716,799 new MHB Shares ("Bonus Share(s)") on the basis of one (1) Warrant E and one (1) Bonus Share for every two (2) Rights Shares subscribed.
it's a good idea to subscribe, people are throwing because of the general bad sentiment surrounding right issues. The company has good future prospects now, i just hope that there will be no cost overrun this year..
Hi Terence, u sold all ur mother shares w losses or profits? If u cut loss, then got no hope to get hold of recovery via d rights issue xcercise. Shud think thoroughly
my personal view is the director purposely press down the price, so that we all force to subscribe the right issue to average down the cost per share when the rights are released to market next week.
@@sonyleong, rights trading commence on 27 March. Sell just like you would normally sell your shares lor!!!
@@tzerteoh, strange view you have?? To encourage minority to subscribe for RI, I would imagine the Directors would push up the price. If they press down minority scared to subscribe. My take is that some shareholders wish to subscribe but may not have the funds. So sell some of their shares, then use proceeds to subscribe.
The reasonable price should be at least 0.70 right now. The rights price should be more than 10 cents. 0.10 + 0.59 = 0.69... Dirt cheap...after subscribed 0.80...that mean discounted 10 cents.. Wow..
Question: I want to buy right issue, let say i am entitle to subscribe 10,000 right shares, and right now in open market, can i buy 20,000 right shares via market? Kindly advice. Thank you!
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....
tzerteoh
110 posts
Posted by tzerteoh > 2018-03-13 08:15 | Report Abuse
if i buy some MITRA shares before ex-date (22 Mar 2018). still eligible to subscribe Right Issues?