$SIA (C6L.SG)$ anybody receives the email on MCB ? any advis...
$SIA(C6L.SG$ anybody receives the email on MCB ? any advise here
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sjsjsj : yes,I also just receive
Fish ball : Just received
102603420 : Yes! me also Subscription Price: SGD 1.00
Disbursed Security Name/Code: SIA MCB 2021 / To Be Advised
Maturity Date: 08 June 2030
Each SIA MCB 2021 can be voluntarily converted to 1 SIA ordinary share, at cost of SGD $4.84 per share.Meaning can convert to shares and sell them anytime ??
sjsjsj : just reply the email with the option？
Vincenzo R OP 102603420 : not very sure how does it works. if don't convert. our shares will remain ?
Fish ball : Similar to US stock options, the strike price is 4.85 and the equity premium is 1 dollar per share.
fotiaoqiang : My other bro king house trader texted me: “If you have the SIA shares, do note that you will be given 209 MCB rights for every 100 SIA shares holding.
If you have no intention to exercise the MCB rights, do sell your rights in the market from today onwards. “
Vincenzo R OP fotiaoqiang : in the email from futu stating no reply of email means will not exercise the rights
fotiaoqiang Vincenzo R OP : This is so confusing. Anyway I sold mine cos too much unknown
Vincenzo R OP fotiaoqiang : sold your shares ?
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