Wah jin headache, receive many PM about $Ascendas Reit(A17U.SI) rights issue.
Firstly, the timetable of key events is per below:
Some read already still blur blur, so let me try and summarise in the most layman manner.
CR, XR - I believe this is self explanatory and most should understand. The confusion is in the subscription of rights, excess rights and purchase/sale of rights.
14 Nov - 28 Nov
- For you to apply your entitlement and excess if you wish to.
14 Nov - 22 Nov
- For you to transact rights in the open market, meaning you can buy more rights from open market (independent from the above) or you can sell your rights in the open market.
Closing Date I do not think need to explain.
- Your new shares appear in your CDP. If you are using custodian, most likely same day or within 1-2 working days, this depends on your custodian.
1 More Common Question:
- No mother share, can subscribe to the rights? The obvious answer is no as you have no entitlement. However, you can buy the rights in the open market to obtain the mother share.