Zavian Icarus : Did you check email from moomoo? Is it the correct email? I did receive the rights allocation email. And if I'm not wrong today is the deadline.

chanyk88 : I didn't as well.

101774989 OP Zavian Icarus : Have checked even my junk box. I had received emails from Moomoo Sg on some W-8BEN tax forms 5 days ago, but no emails on the rights issue.

diligent Chameleon_5 : Does anyone know when the right will be traded in the market?

dingdongdingdong : they actually sent another email that they have received my instruction but it will only be credited and reflected on my account after 18 dec 2024. my fund details actually did show the deduction as well. so can check your email

jarsofcraycray : thank you for pointing it out. I shall not get my rights.

Zom Hui : Seems like always happens before right issue:)

Zavian Icarus : Ya of course. So just apply for board lots.. like if you are offered 219 shares, just apply 200 or if you want to apply for excess then 300 but might not get then you might just end up with odd lots

101580975 Zavian Icarus : Is there any issue with odd lot? Or just because of personal OCD to make it whole?

Zavian Icarus 101580975 : Odd lots very difficult to sell and they incur higher charges too (I think)

104149248 OP : So I did a bit of reading up. I have understood at least what rights issue is. Question: What is the good choice to do now? Option 1 or 2?
A rights issue is an action by companies to raise capital (for expansion, debt repayment etc.).
Through rights issue, a company allows investors to purchase new unit shares/additional shares at a discounted price. The number of new/additional shares that can be bought depends on how many current shares an investor owns.

Rawrrrf : the assured rights depend on the number of shares. any more than that is up for pooling of fund and public allocation. for example, if you're entitled for 50 units, you can still bid 200 units if you want to, the 50 is sure to be given but the 150 might not be fully granted

lookgoodloop 104149248 OP : So what is their purpose for issuing rights this time? Are they paying off debts or are they expanding? Where can we find official info on their purpose? Apologies, you can tell I’m new to this…

ButterBull : Fundraising, u can go read up on news column