Comments on: Be Careful of Rights Technicalities

By: lioninvestor

lioninvestor — Fri, 24 Apr 2009 15:18:42 +0000

Hi George,

After buying the rights, yes, you still need to pay the subscription price to convert them to rights shares.

By: george

george — Fri, 24 Apr 2009 03:16:26 +0000

Can i check some issue regards rights issue. Let say, if i buy rights in market. That means apart paying for the right, I also need to pay for the price of issue right. Is that right? Thanks

By: wy

wy — Sun, 12 Apr 2009 07:36:13 +0000

Thx. Will bear that in mind if next time subscribe using ATM.

By: lioninvestor

lioninvestor — Sun, 12 Apr 2009 06:04:48 +0000

Hi wy,

There’s a part where the CDP number is shown when you apply though the ATM.

That’s the part one needs to be careful about.

By: wy

wy — Sun, 12 Apr 2009 02:47:11 +0000

I haven’t tried subscribing to rights using ATM before.

Just wonder whether the problem is due to lack of user-friendliness of the process..

Say if someone has both individual & joint CDP account.
A more user friendly process will be:
1. the user chooses on either individual or joint CDP account
2. shown the amount of rights under the respective account
3. user keys in amount to subscribe
4. confirm

In this way, at step 2, the user would have known that whether he inadvertently chooses the wrong account.