Rights Issue
$Raffles Edu(NR7.SG$ Can anyone explain about the Rights Issue? Will all my holding be sold at the market price on 12th Sept if i do not take up the option? Thanks for clarifying
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Moomoo Lily : @moomoo Buddy Please help to handle this quesiton
Will73 : better contact customer service for help
Dadacai : https://sg.finance.yahoo.com/news/raffles-education-raise-44-million-070611785.html. As an exisitng shareholder, you have the right to participate. Before the rights (to subscribe) expire, you can sell the rights to other people interested to subscribe. If you don’t do anything, the rights will just lapse. You will still hold your existing shares.
♤方展博♤ : To put in the simplest term, the rights issue is equivalent to SGD0.055 of the share price. Currently, you can just purchase off the counter at this price, nothing spectacular to look forward to & existing shareholders is wo advantage to new investors . However, if you think the price of SGD0.055 is rock bottom, the company is poised to be profitable in the years to come, participate. If not, just buy the shares off the mkt now. Not doing anything will dilute your holdings. Or you can queue at SGD0.05 or even lower if some disappointed shareholders are leaving in the days ahead.