What is share rights? I had over 150 lots of Genting Shares. Is it compulsory to buy the rights?
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Genting International said late on Thursday it planned to issue rights to three shares for every five existing shares to help pay for the development of its Singapore casino.
"The pricing for the rights has not been fixed. Also, there will be shareholders who are not interested in paying more for the rights, who are dumping shares before the exercise date," said a local dealer.
The company plans to use the proceeds, expected to be between S$2 billion and S$2.3 billion, to fund the development of the casino-resort and repay part of its debt, including a bridging loan of 297 million pounds ($595 million).
What is share rights? I had over 150 lots of Genting Shares. Is it compulsory to buy the rights?Genting obviously needs money to build the casino. So, they give all its shareholders rights to purchase additional stock at a set price. You can exercise the rights and buy Genting shares at the set price or you can sell the right to other people. The share rights will expire worthless sometime in the future.
What is share rights? I had over 150 lots of Genting Shares. Is it compulsory to buy the rights?Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.
http://www.investingtutorial.info/
wish it will help you.
Good Luck , Best Wishes!
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