$SATS(S58.SG)$ Entitled shareholders will be allotted rights...
$SATS(S58.SG)$ Entitled shareholders will be allotted rights to subscribe for 323 rights shares for every 1,000 existing shares held as at March 2.
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Lovely_Moo : Do the right shares only can be bought by existing shareholders? If so, do our shares in Moomoo counted? It would be nice to buy some right shares.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Stock Watch OP Lovely_Moo : yes.u can. but I advise u, sell your holding ASAP. keep 100 units to be entitled for rights issue
Lovely_Moo Stock Watch OP : Ugh, does the amount of the current holding matters as to how many right shares we may buy? If I sell now, I will be at some loss.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Stock Watch OP Lovely_Moo : oh.... but you must prepare to see SATs drop to 2.3-2.5 after rights issue. .. But if you sell now and left with only 100 units, then you apply 5000 rights at 2.2 ... u save quite a good amount
Stock Watch OP Lovely_Moo : u can apply as many rights as you want...units x 2.2
Lovely_Moo Stock Watch OP : OK, this is worse.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
In that case, I will probably sell mine tomorrow. Some more questions if you don't mind, Shifu: (1) Can we buy those right shares with Moomoo? (2) If so, how do we do it? Just by using Universal account like when we buy shares? (3) If we apply, say, for 2000 units, will it be guaranteed that we will get 2000 units? (4) How bad the price drop usually is? As close as the right issues (2.2)? Thank you ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Stock Watch OP Lovely_Moo : (1) Can we buy those right shares with Moomoo? Yes.
(2) If so, how do we do it? Moo must send u email for instructions.
(3) If we apply, say, for 2000 units, will it be guaranteed that we will get 2000 units?
No, entitled then guaranteed but additional is mot guaranteed.. eg entitled 2,000 units, u pay , will 100% get it, but if you apply additional, eg another 5000 units, will dependson allocation.
(4) How bad the price drop usually is? Should be around 2.28-2.38 after rights issue..
Stock Watch OP Lovely_Moo : For CDP, will receive letter. then u fill up or apply at ATM
Lovely_Moo Stock Watch OP : Thanks for all the info, Shifu!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Stock Watch OP Lovely_Moo :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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