As said before, the bonus share have yet to credit into your trading account, it only will credit on 17/9, but you can ask your remiser to check your CDS account and sell ahead (Remark: sell ahead is legal and allow by Bursa and you can refer to CAP bursa announcement http://www.bursamalaysia.com/market/listed-companies/company-announcements/4863133)
Reason to sell ahead is to profiting ahead of upcoming huge bonus share 'official listing' on 17/9, which may cause share overhang......but of course, if you confident CAP will surge even after bonus listing, you are free to trade based on own discretion decision .
On behalf of the Board of Directors of CAP, Mercury Securities Sdn Bhd wishes to announce that:-
(i) 550,225,705 Bonus Shares were issued pursuant to the Bonus Issue; and
(ii) 259,774,288 Additional Warrants were issued consequential to the Bonus Issue.
The Bonus Issue will be completed with the listing and quotation of the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 18 September 2015.
CHINA AUTOMOBILE PARTS HOLDINGS LIMITED (CAP or THE "COMPANY")PROPOSED JOINT VENTURE BETWEEN CAP AND SIBURAN RESOURCES LIMITED IN RELATION TO THE PROPOSED ESTABLISHMENT OF A 50:50 JOINT VENTURE COMPANY
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....
Pking
8 posts
Posted by Pking > 2015-09-14 10:06 | Report Abuse
how come I can't sell advance by myself? Have to inform remiser?