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Correction : the number of additional units would only be credited into our CDP session by next Wednesday night,... probably at midnight. Can' t be earlier than this ! Then for those who wish to sell can do so by the following Thursday morning,...
chengwh1 ( Date: 19-Oct-2017 18:48) Posted:
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Subscription Results (in percentages) are out :- http://infopub.sgx.com/FileOpen/MUST%20Results%20of%20Rights%20Issue%20Announcement.ashx?App=Announcement& FileID=474585
Valid Subscription at 98.4%, which means almost all unitholders managed to follow the instructions accurately for this Rights Issue. I am proud to see this,... my advice has been fruitful and helpful to subscribers. But let' s see how many Excesses I managed to secure,...
The number of additional units (Entitled plus Excess Applied) should be credited into our CDP session by this weekend.
Valid Subscription at 98.4%, which means almost all unitholders managed to follow the instructions accurately for this Rights Issue. I am proud to see this,... my advice has been fruitful and helpful to subscribers. But let' s see how many Excesses I managed to secure,...
The number of additional units (Entitled plus Excess Applied) should be credited into our CDP session by this weekend.
Still no results on the percentages yet,....
Next step - waiting for results on ' percentage of Valid Rights Subscriptions and percentage of Excess Subscription vs No of Rights Units on-offer' . Then we can start to estimate out chances of getting Excesses.
The allocation system is churning now,... please be more attentive to Retail Investors,... just like what Mapletree Logistics has done. Otherwise, future cash-raising exercises may suffer,... and investors will move over to other incoming US REITs.
Let' s see,.....
The allocation system is churning now,... please be more attentive to Retail Investors,... just like what Mapletree Logistics has done. Otherwise, future cash-raising exercises may suffer,... and investors will move over to other incoming US REITs.
Let' s see,.....
INvestors,....last DAY to subscribe tomorrow,....
1) For those intending to apply IN THE SGD over the ATM, you have till 9 pm tomorrow evening to press at the DBS, UOB or OCBC ATM. Today, you can' t press, no Rights Issue service subscription for today.
2) For those intending to apply IN THE USD, you will have to make the USD Demand Draft (DD) tomorrow, write your CDP ACCOUNT NO AND FULL NAME behind the USD DD, fill-up the ARE documents,.......and,.............BRING-UP ALL THE DOCUMENTS TO THE CDP OFFICE AT THE METROPOLIS BEFORE 5 PM TOMORROW EVENING. I recalled the nearest Station to this office is the Buona Vista Station,... pls chk again,...
Do not send via mail tomorrow, you will not meet the deadline.
1) For those intending to apply IN THE SGD over the ATM, you have till 9 pm tomorrow evening to press at the DBS, UOB or OCBC ATM. Today, you can' t press, no Rights Issue service subscription for today.
2) For those intending to apply IN THE USD, you will have to make the USD Demand Draft (DD) tomorrow, write your CDP ACCOUNT NO AND FULL NAME behind the USD DD, fill-up the ARE documents,.......and,.............BRING-UP ALL THE DOCUMENTS TO THE CDP OFFICE AT THE METROPOLIS BEFORE 5 PM TOMORROW EVENING. I recalled the nearest Station to this office is the Buona Vista Station,... pls chk again,...
Do not send via mail tomorrow, you will not meet the deadline.
Investors,...... remember,........
1) If subscribing in the SGD, pls do at the ATM latest by 9 pm on the coming Monday night !
2) If subscribing with the USD, pls use the steps as in your received ARE - ' Application for Rights Entitlement' document mailed to your Singapore Address. Please following strictly in raising yr USD Demand Draft, filling-in the ARE documents and mailing to CDP,.... OTHERWISE, you will be DISQUALIFIED !
The ATM method as in 1) above is NOT available on Sunday !!!!!!!!!!!!!!!! Pls do so at the ATM OUTSIDE Sunday.
Let us support Manulife US REIT as the first US REIT outside of the US, listed in Singapore !
1) If subscribing in the SGD, pls do at the ATM latest by 9 pm on the coming Monday night !
2) If subscribing with the USD, pls use the steps as in your received ARE - ' Application for Rights Entitlement' document mailed to your Singapore Address. Please following strictly in raising yr USD Demand Draft, filling-in the ARE documents and mailing to CDP,.... OTHERWISE, you will be DISQUALIFIED !
The ATM method as in 1) above is NOT available on Sunday !!!!!!!!!!!!!!!! Pls do so at the ATM OUTSIDE Sunday.
Let us support Manulife US REIT as the first US REIT outside of the US, listed in Singapore !
Last Day to pay at the ATM for this Renounceable Rights Issue is on the coming Monday : October 16th., 2017.
Subsequently,... approximately three busniess days later, we will see the results of how many applied correctly (in percentage form), and what sort of Excess applications were applied vs the Entitled number. WIth the recent experiences at Mapletree Logistics Trust, I/we can safely calculate what would be a fair percenage for the outside investors.....
I hoped the Allocation System here is FAIR too,... as in all likeness with the MLT experience,... sure,. I understand,.... different companies have different policies,...then I will drill down to which company' s policy is fairer,... This being the MAIDEN Rights Issue of MUST in Singapore, let it set a good eg to all investors in our Financial Centre.
If this Rights Issue is, somehow.... ambiguous in its allocation,.. I dare not think of the sort of participation in future cash-raising exercises.
If ambiguity sets in,... we all can always look to investing into the coming Keppel-KBS US REIT with our USDs in-hand,...
Subsequently,... approximately three busniess days later, we will see the results of how many applied correctly (in percentage form), and what sort of Excess applications were applied vs the Entitled number. WIth the recent experiences at Mapletree Logistics Trust, I/we can safely calculate what would be a fair percenage for the outside investors.....
I hoped the Allocation System here is FAIR too,... as in all likeness with the MLT experience,... sure,. I understand,.... different companies have different policies,...then I will drill down to which company' s policy is fairer,... This being the MAIDEN Rights Issue of MUST in Singapore, let it set a good eg to all investors in our Financial Centre.
If this Rights Issue is, somehow.... ambiguous in its allocation,.. I dare not think of the sort of participation in future cash-raising exercises.
If ambiguity sets in,... we all can always look to investing into the coming Keppel-KBS US REIT with our USDs in-hand,...
No prospectus in OPERA yet,... Hence,... let us not be too confident of this,....
laksaman57 ( Date: 07-Oct-2017 12:53) Posted:
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You can pay only wth a USD Cashiers Order or a USD Demand Draft from anyone of the three participating banks. You must attach the ARE document TOGETHER with your payment document.Then send the packeag to that CDP Address as provided in the ARE.
Follow the instructions closely in the ARE. You are not allowed to pay with any other payment documents.
Follow the instructions closely in the ARE. You are not allowed to pay with any other payment documents.
investshare ( Date: 07-Oct-2017 16:02) Posted:
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Unfortunately, I am based overseas but my address was still my old singapore one. So i didnt receive the form.
i guess the best i can do is to instruct my broker to sell off my rights?
i guess the best i can do is to instruct my broker to sell off my rights?
ShowMeMoneyp ( Date: 07-Oct-2017 10:00) Posted:
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When you buy this stock, can send in USD check?
http://www.businesstimes.com.sg/real-estate/keppel-receives-eligibility-to-list-letter-from-sgx-for-planned-us-commercial-reit
Do nothing and you won' t get the new shares at discounted price. That means you lose money.
If you have the form, you can sign it and mail it with a cheque with the requisite amount to the address on the form.
If you have the form, you can sign it and mail it with a cheque with the requisite amount to the address on the form.
I am actually based overseas and will not be able to accept and pay using the ATM or through CDP (as i do have the acceptance forms!). What happens if i do nothing?
Regards,
Faiz
Regards,
Faiz
If you' re a long term holder, it' s okay to ignore such costs,... the eventual dividend received would make up for these charges later on,...
Rounding-up to proper board lots will be given priority in the allocation methodology. Then,... subsequently, it' s up to the BOD to decide further.
Rounding-up to proper board lots will be given priority in the allocation methodology. Then,... subsequently, it' s up to the BOD to decide further.
subaru ( Date: 06-Oct-2017 09:35) Posted:
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Thank you for your view. Note that buying a demand draft needs to pay 1/8% of commission, also based on the selling TT rate as in the case of ATM. The comission is > $2 :p.
Wonder what is the chance if I apply for 1X my entitled no. of rights?
There is no FX loss/profit if one does not apply excess.
Wonder what is the chance if I apply for 1X my entitled no. of rights?
There is no FX loss/profit if one does not apply excess.
subaru ( Date: 05-Oct-2017 17:34) Posted:
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Well,... in my opinion, since the USD seems to be in a downtrend now, and keeps falling aagainst the SGD, it' s better to convert over to the USD ' one-round' to buy and to subscribe. When your funds come back in the USD, you will not suffer exchange loss because your funds are still maintained in the USD.
You will need to open a USD Acct when you received your USD cheque later-on, and bank-into this USD Acct.. Make sure the cheque comes back safely,...
With the uSD in-hand, you can opt to :1
1) buy more of MUST later.
2) get ready to apply for IPO of KBS Realty that is coming soon,... but this is provided KBS Realty' s IPO application system has a mechanism that allows us to apply for the IPO in the USD. I recalled MUST did not when it first IPO' ed,...
3) buy other assets denominated in the USD.
4) leave it in your USD Acct and wait for it to appreciate again.
You will need to open a USD Acct when you received your USD cheque later-on, and bank-into this USD Acct.. Make sure the cheque comes back safely,...
With the uSD in-hand, you can opt to :1
1) buy more of MUST later.
2) get ready to apply for IPO of KBS Realty that is coming soon,... but this is provided KBS Realty' s IPO application system has a mechanism that allows us to apply for the IPO in the USD. I recalled MUST did not when it first IPO' ed,...
3) buy other assets denominated in the USD.
4) leave it in your USD Acct and wait for it to appreciate again.
subaru ( Date: 05-Oct-2017 17:34) Posted:
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Hi all,
Any views on which method is more efficient (in terms of FX loss/profit) to subscribe the rights? I have no USD in my account :(
(1) ATM: use the prevailing FX board rate of the particular bank used (DBS/OCBC/UOB) - by 16 Oct, the bank also returns the excess fund back to the account based on the prevailing FX board rate of the bank at the time of refund (26 Oct).
(2) Through CDP: buy a cashier' s order in USD and post to CDP, CDP also refund by posting a USD cheque back to you.
Thanks for your views.
Any views on which method is more efficient (in terms of FX loss/profit) to subscribe the rights? I have no USD in my account :(
(1) ATM: use the prevailing FX board rate of the particular bank used (DBS/OCBC/UOB) - by 16 Oct, the bank also returns the excess fund back to the account based on the prevailing FX board rate of the bank at the time of refund (26 Oct).
(2) Through CDP: buy a cashier' s order in USD and post to CDP, CDP also refund by posting a USD cheque back to you.
Thanks for your views.
Yes, James,.... provided the 1.37 has not moved,... you will need to have at least 4762.75 in your ' chosen' account to pay for the application ! The extra $2.00 is the application fee charged by the ATM.
I am using both ways because I have portfolio allocation to apply in both the USD and the SGD.
I am using both ways because I have portfolio allocation to apply in both the USD and the SGD.
jamesng ( Date: 04-Oct-2017 17:03) Posted:
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Ok got it
The trading period for the Rights Entitlements on Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) commences from 9.00 a.m. on 2 October 2017 and ends at 5.00 p.m. on 10 October 2017.
The trading period for the Rights Entitlements on Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) commences from 9.00 a.m. on 2 October 2017 and ends at 5.00 p.m. on 10 October 2017.
ahhuat08 ( Date: 04-Oct-2017 17:23) Posted:
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