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Tag Archives for " NOL "

Shipping Stocks Battered

The share prices of companies in the shipping sector had been battered in the past few months amidst uncertainty in the global economy and trade. And analysts are not positive on the outlook of the shipping sector either. Both NOL and Cosco trade at around $1, with their prices falling more than 50% since the […]

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NOL Rights Results

At the close of the NOL Rights Issue, applications for a total of 1,154,802,042 Rights Shares representing 104.5% of the total number of Rights Shares offered were received. 31,328,900 Rights Shares (2.8%) which were not taken up will be used to satisfy excess Rights application of 80,995,894. The Rights Shares will be listed and start […]

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NOL Rights Issue Dates

NOL Rights Issue indicative dates are as follows: Shares trade ex-rights: 17 June 2009 (Wednesday) Dispatch of Offer Information Statement: 24 June 2009 (Wednesday) Start of nil-paid Rights Trading: 24 June 2009 (Wednesday) End of nil-paid Rights Trading: 2 July 2009 (Thursday) at 5pm Last date for acceptance and payment of Rights Shares: 8 July 2009 […]

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NOL Rights Issue Proposal

A proposed NOL Rights Issue was announced this morning by NOL to raise approximately S$1.437 billion. Existing shareholders will be given the option to subscribe for 3 Rights Shares at $1.30 for every 4 existing shares that they own. The Rights Issue is renounceable and based on yesterday’s price, the theoretical ex-Rights price is S$1.43 […]

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