18-08-2013, 09:58 AM
United Engineers
18-08-2013, 10:04 AM
please elaborate thanks
18-08-2013, 10:19 AM
(This post was last modified: 18-08-2013, 10:21 AM by AlphaQuant.)
(18-08-2013, 09:34 AM)valerene Wrote: hi hi..i am an existing shareholder and this is the first time i encounter the rights issue. the rights are renounceable - meaning that you will be issued rights that you can sell away on the market if you choose not to exercise them. http://infopub.sgx.com/FileOpen/Despatch...eID=249324 Entitled Scripholders whose Stock Units are registered in their own names in the Register of Members of the Company as at 5.00 p.m. on the Books Closure Date will be provisionally allotted the Rights Shares under the Rights Issue on the basis of the number of Stock Units held by them as stated in the Register of Members of the Company as at 5.00 p.m. on the Books Closure Date, fractional entitlements, if any, to be disregarded. http://infopub.sgx.com/FileOpen/Noticeof...eID=252049 If you currently hold UE shares and wish to receive the rights, then there is nothing you need to do. After XR, you will be credited the rights and you can then choose to sell them away or to exercise the rights. They will sunsequently announce the date on which the rights are credited to your CDP account and the date for which the units are available for trading If you do not wish to receive the rights, then you should sell away your UE shares before XR.
18-08-2013, 10:43 AM
(18-08-2013, 09:34 AM)valerene Wrote: hi hi..i am an existing shareholder and this is the first time i encounter the rights issue. Shareholder who owns the UE shares before the expiry date of 21 August 2013 is entitled the right to buy another UE share for $1.50. Those UE shares buy after 21 August 2013 will NOT have this entitlement. As for the right, you can either choose to sell the right in the open market within a period of time or exercise your right (i.e. pay $1.5 and get another UE share). Furthermore, if you are the shareholder of the mother share before the ex date, you're entitled to apply excess right. UE will issue another document call "offer information statement (“Offer Information Statement”)" that state the important information as well as important dates regarding the right issue. The following are the important date you'll need to take note important date and events section. The following is a sample of what will be in the timetbale of key events EXPECTED TIMETABLE OF KEY EVENTS Notice of Books Closure Date : First date of “ex-Rights” trading for the Rights Issue : Books Closure Date : Lodgment of Offer Information Statement with the Authority : Despatch of the Offer Information Statement together with the ARE or the PAL, as the case may be, to the Entitled Shareholders Commencement of trading of “nil-paid” Rights : Last date and time for trading of “nil-paid” Rights : Last date and time for splitting of “nil-paid” Rights : Last date and time for acceptance of and payment for Rights Shares(1) Last date and time for renunciation of and payment for Rights Shares Last date and time for application and payment for Excess Rights Shares(1) Expected date for issuance of Rights Shares : Expected date for crediting of Rights Shares : Expected date for refund of unsuccessful applications (if made through CDP) Expected date for commencement of trading of Rights Shares on the SGX-ST
19-08-2013, 12:01 AM
Thanks alot for clarification. Now I am more clear on what to expect
27-08-2013, 09:53 PM
UE OIS is out and see the following for more details. I had extracted the important timetables
http://infopub.sgx.com/FileOpen/UEL-OIS....eID=253943
27-08-2013, 10:30 PM
I have login to my CDP account and confirm that the provisional allotment of rights shares are already credited.
If you visit the sgx stock price webpage now, you can see a new counter UE R (code SV4R) created to facilitate its trading tomorrow.
28-08-2013, 10:30 PM
seems like this counter eroded value a little more after the x-right date
29-08-2013, 03:21 PM
The value is behaved as plan after the right. The Right issue price is S$ 1.50. the purpose of the right issues is the lower their debt gearing which is currently at 1.10. Moving forward, anybody has information with their intention to sell the Changi Biz Hub ?
29-08-2013, 03:26 PM
Did it mention it is in the process of divesting changi biz hub to a trust quite sometime ago?
After the acquisition of WBL, the immediately action should be to divest its technology division, IMO. |
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