preferential order

JJ Hou : u cant sell /trade such a  Non-renounceable rights! Which is meant to allow the shareholders to compensate for the dilution of their holdings by purchasing new shares at a discounted price. it compensates the shareholders equivalently for the cost of the dilution of their shares.When shares are issued, the value of existing shares is diluted. Therefore, if the shareholders do not exercise the rights and buy discounted shares, their shares will undergo dilution, and they will lose money

102923008 : so, what does the existing unit holder gain for the entire acquisition?

hhan90 OP : i mean if u bought the shares under cdp account, u can subscribe.
but under moomoo, cant.
that is what the customer service told me just now

102923008 : I see. thanks ....crap!!

JJ Hou : I dont thk small fishes/ small-amt owner of mLt shares aim to gain much…..not even 1-to-1 … it is just 4% someone roughly computed

Webberluckyone JJ Hou : so if I bought it through moomoo before the announcement, is there a way to get compensated?  thanks.

Corgilover9 Webberluckyone : Unfortunately, there isn't a way to get compensated. Only solution is open a CDP account which is operated by the Singapore Exchange (SGX). A CDP account provides a centralised location to store investments registered in our own name. I use DBS Vickers cash upfront to do my trades so it costs you lesser.

Corgilover9 : *Do note that for the above solution, you won't be able to get preferential shares this time round even if you bought shares through Vickers today as it is only applicable to existing shareholders before the announcement was made.

Webberluckyone Corgilover9 : thanks for the answer. I bought it the day before it s suspension, thought it was low.....

snoopee Corgilover9 : the ex-date for the rights to preferential offering is 30-Nov, so if you were to buy MLT before the ex-date, you will still be entitled to the preferential shares... (on the basis of 37 New Units for every 1000 existing Units at $1.84)..

102923008 : because of MLT wanted to expand their business size and that has under the expense of current share holder, that is not right and moomoo is the approved platform for the trade. I hope moomoo team can see this and do something about it. sigh

Corgilover9 snoopee : Thanks for the explanation. I did not buy yet. Waiting for the price to drop further than I go in.

Corgilover9 Corgilover9 : Hopefully can purchase it around 1.84 or lower since right now, it is @ 1.92.

snoopee : just wanna add a follow-up post on this to share that i was able to subscribe to the rights (via moomoo) and also the   excess shares.. so for the record, we can subscribe to preferential offering thru moomoo

snoopee hhan90 OP : did you manage to subscribe to the rights?