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Capitaland Rights Issue

Capitaland is doing a rights issue and will offering its shareholders one right share for every two shares that they are holding at an issue price of $1.30. It is at a discount of around 40 percent from the closing price last Friday. Someone on the Channelnewsasia forum has summarize the important things that you should take note.From now until 18 FebShares trade cum-rights (CR). It's just an indication that a rights issue exercise is ongoing. Whoever is still holding Capitaland shares as of end trading day 18 Feb will be entitled to apply for the rights shares at a ratio of 1 rights share per 2 existing mother shares. For example, if you are holding 2 lots (2000 shares), you will be entitled to apply for 1 lot (1000 shares). If you have 1 lot, then your entitlement is 500 shares.19 FebShares trade ex-rights (XR). The price will be adjusted to reflect the inclusion of your rights shares. For example, if it closed at $2.36 on 18 Feb, the fair price when trading starts today will be $2.01 (rounded).23 FebIf y

 

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