Seatrium consolidates its shares 20 to 1 – what you need to know
those dunno how to count, important, read the below I bold in green
if you had 45,530 shares, a division by 20 would provide you with 2,276.5 shares. Instead you received 2,276 shares and the remaining 0.5 shares which is worth 81 cents (being 8.1 cents x 20 x 0.5) based on the last traded share price will be distributed in cash to you.
If you held less than 20 shares in Seatrium before the share consolidation, you would have only a fractional entitlement, i.e., less than 1 share. Therefore, you will receive the proceeds from the sale of your fractional entitlement.
Consequently, shareholders who hold less than 20 shares as at the record date will not be entitled to any consolidated shares and will no longer be shareholders upon the completion of the consolidation.
source: @Alvin Chow 邹咏翰
If you held less than 20 shares in Seatrium before the share consolidation, you would have only a fractional entitlement, i.e., less than 1 share. Therefore, you will receive the proceeds from the sale of your fractional entitlement.
Consequently, shareholders who hold less than 20 shares as at the record date will not be entitled to any consolidated shares and will no longer be shareholders upon the completion of the consolidation.
source: @Alvin Chow 邹咏翰
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心急吃不了热豆腐 : Aiseh. Upgrade to can teach mooers on the 20:1 liao
长牛2030 : But how to sell 2,276 after consolidation? Only can sell 2200 ,
Cui Nyonya KuehOP 心急吃不了热豆腐: no la copy and paste share share
Seatrium consolidates its shares 20 to 1 – what you need to know
Cui Nyonya KuehOP 长牛2030: u need to ask the blogger.. i share share
Seatrium consolidates its shares 20 to 1 – what you need to know
Cui Nyonya KuehOP 长牛2030: remaining will be credited back to u in cash. this is what the post said.
心急吃不了热豆腐 长牛2030: Think you can sell as odd lot.. Like how company give out shares instead of dividends. But even so it's going to be at a lower market price
103828559 : After consolidation 20-1.....what will be the share price in SGX ?
Cui Nyonya KuehOP 103828559: it depends on that day.. now it's 0.08 per share.
103828559 : Thanks...
soyabean89 长牛2030: that why buy in unit of 2000s...
else u get odd lot to pass down to ur descendants or till the kingdom come for submarine or the impossible of all...stock split in future...haha
2000s will be in unit of 100...1 lot ..ok to sell.. no worries of realised loss due to consolidation... u also can't buy fractional shares in moomoo sgx stock if I'm not wrong.?
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