$SIA (C6L.SG)$ for those puzzled why price shoot up, invest...
$SIA (C6L.SG)$ for those puzzled why price shoot up, investors are buying up this counter to take advantage of the MCB that will be issued at a discounted price. 1) Buy only of you all want to take advantage of the discounted MCB. 2) after MCB exercised, price drop 3) Those who not want to commit MCB, should not jump in now 4) as price will adjust itself (price drop) after MCB execution date, this is more to hold mid term (weeks to months)
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101794991
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MCB in this case means as existing shareholders, you have the privilege to buy bond (buy bond means you loan money to the company) at a discounted price. As bond holders, you'll receive payment at coupon rate (coupon rate=interest rate) before conversion date. Conversion means the money that the company owes you will be converted to shares; bond holders then become shareholders. Your shareholding will increase. MCB does NOT means your existing shares will be converted to bond.
RC_92 : MCB?
Nomishi RC_92 : Mandatory Convertible Bonds
Vincenzo R : for me already having the stocks. how does this MCB applies to me and how does it work ?
101869978 : Where is MCB?
101869978 : 100 shares got 209 MCB ?
wcen : how is mcb exercised? can this be done via moomoo? if too much hassle I might just sell first and buy back after mcb
101869978 Nomishi : Is it auto convert from share to bond ?
Vincent_1WWB : where could we buy MCB?hahaha
101869978 Vincent_1WWB : I think auto convert lol
101794991 : MCB in this case means as existing shareholders, you have the privilege to buy bond (buy bond means you loan money to the company) at a discounted price. As bond holders, you'll receive payment at coupon rate (coupon rate=interest rate) before conversion date. Conversion means the money that the company owes you will be converted to shares; bond holders then become shareholders. Your shareholding will increase. MCB does NOT means your existing shares will be converted to bond.
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