$SATS R (V7YR.SG)$ Y buying price is $2.2 but here show $0.3...
$SATS R (V7YR.SG)$ Y buying price is $2.2 but here show $0.3?Anyone can advise
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Lovely_Moo : My guess is that this is the rights issue price, not the share price. You 0.3 to buy the right issues to buy the share at 2.2 at some point later, not to buy the share itself. Consider it like a call option.
Lucky Moo : How to process that. Instructions?
Lovely_Moo Lucky Moo : As to how to process, I have no clue either.
yousiang : This is what I found online.
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This is a renounceable rights issue. Shareholders may sell their rights entitlement if they do not wish to subscribe to the new shares.
These entitlements, also known as nil-paid rights (NPR) can be traded on SGX from 7 to 15 March 2023.
Shareholders may buy, sell part or all their NPRs in the market. Non-shareholders may also trade or buy the NPR to subscribe for the new shares.
The theoretical price of the NPR is the difference between the price of SATS and the subscription price of S$2.20. That is, when SATS trades at S$2.57, NPR should trade at S$0.37.
上了贼船888 : If I sell it, how will the existing SATS stock be affected
玲玲玲85 上了贼船888 : Your % ownership will fall after the rights issue.
上了贼船888 玲玲玲85 : So you should stick to your guard
. Otherwise, if you sell it now, you'll lose money
玲玲玲85 上了贼船888 : U have to subscribe for the rights. Moomoo should have emailed u.
上了贼船888 玲玲玲85 : I don't understand, what are your suggestions, option 1 or 2.
玲玲玲85 上了贼船888 : Option 1
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