Genting SP Rights Issue

Written on September 16, 2009 – 10:54 am | by Kampung Boy |

Genting SP announcement for right issue did caught many investors by surprised. Genting Singapore announced that they will be having a rights issue to raise $1.63 billion.

For every 5 Genting shares, you are entitled for 1 rights issue at the price of $0.80 per share.

Genting rights issue are renounceable and investors that don’t intend to take up the rights can sell them during trading dates.

Some key dates to remember (Very important if you are a shareholder) :-

Ex-rights date: 18th September 2009 from 9am

Despatch of Offer Information Statement: 28th September 2009

Commencement of trading of nil-paid Rights: 28th September 2009 from 9am

Last day of trading of nil-paid Rights: 5th October 2009 at 5pm

Last day for application and payment: 12th October 2009 at 5pm (930pm for ATM)

Expected date of commencement of Rights Shares: 21st October 2009 from 9am

Please take note of all the events for the rights issue as it’s adviceable to take up the rights issue. Don’t miss the opportunity. Good luck subscribers!

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