Capitaland just announced the results of their Rights Issue. The total amount of acceptance comes up to 122.1% of the total number of available Rights Shares.
Out of 1,411,944,806 Rights Shares, 1,383,315,554 (or 98%) were acccepted. The remaining 28,629,252 Rights Shares will be allocated to satisfy the excess rights, out which there were 340,682,668 applied for.
Successful subscribers with CDP accounts will receive by ordinary post, on or around 23rd March 2009, on the number of Rights Shares that have been credited to their CDP account.
Unsuccessful applications will be refunded their money latest by 26th March via check or direct credit to their bank accounts (for those who applied through atm).
The Rights Shares will be issued on 20th March 2009 and will start traded on or about 23rd March 2009.
A temporary counter will be setup for a month to facilitate trading of odd lots (500 shares). Trading in this counter will have a concessionary brokerage rate of $20 per contract.
Capitaland Rights Issue Results (SGX Announcement)