Comments on: CCT Rights Issue

By: lioninvestor

lioninvestor — Mon, 17 Aug 2009 10:56:33 +0000

Hi guppy,

Just have to make sure you have the correct number of nil-paid rights in your CDP before selling them.

Normal brokerage fees apply when selling. This is done like selling a normal stock via the exchange.

By: guppy

guppy — Mon, 17 Aug 2009 10:21:34 +0000

Great to have found your site. It cleared up pretty much of my doubts. If not, I would have done nothing and lose my rights 🙂 Anyhow, I’m curious how the “nil paid” trading works. A person with the mother share is entitled to the rights and can sell it over the counter right? Is there anything this person need to do first to trade the rights? Does he pay anything to sell the rights?

By: lioninvestor

lioninvestor — Sun, 05 Jul 2009 13:07:32 +0000

Hi Kay,

$0.59 is for converting the given rights to shares.

By: Kay

Kay — Sun, 05 Jul 2009 10:06:28 +0000

So $0.59 is for the shares not the rights?
thanks!

By: lioninvestor

lioninvestor — Sun, 05 Jul 2009 09:17:34 +0000

Hi Kay,

For CCT?

All the rights have already been allocated and converted to shares. Those who own the rights and did nothing would have lost their rights.