(If used UOB kayhian brokerage account which normally commission fee more than $20+) So do you think still worth to sell it? There are at least 3 options you can consider. dont need to do anything, can we subsribe to it online (same as the SIA shares) as i am currently overseas, I think CDP may allow that now. You can pay for the 2,000 rights ($400), and SELL the remaining 3,000 rights that you want to give up. What about those people holding SCI share? Digging into Sembcorp Industries’ latest corporate presentation during their AGM on 21 May 2020, the marine business is making losses of S$85 million. Rights issue is one of the means for companies to raise money. For example, the proceeds would be $20 after selling 10,000 rights. Under SembMarine's $2.1 billion renounceable rights issue, five rights shares will be issued for every one existing SembMarine share at 20 cents per rights share. For example, if Sembcorp Marine price is $0.23, the rights will usually trade around $0.03. What do you think would most likely be the price after the rights are completed? Following Sembcorp Industries’ Distribution, Sembcorp Marine has Temasek as a direct and significant shareholder. Will Sembcorp Marine be debt-free from SCI after the demerger? Last year, SCI granted SCM a subordinated loan facility. What should i do? SINGAPORE (Reuters) - Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine SCMN.SI as … The Transaction will enable Sembcorp Industries and Sembcorp Marine to better focus on their respective industries. I have 90,000 shares which is 450,000 rights, I want to sell the rights, pls advise how to sell? You can sell the rights as you normally sell a stock via your broker. I do not own any Sembcorp Marine (SCM), but I do own Sembcorp Industry (SCI), so naturally I am interested. Sembcorp Marine hopes to raise S$2.1 billion under 5-for-1 renounceable rights issue at an issue price of $0.20 per share. Sembcorp Industries and Sembcorp Marine are today proposing the recapitalisation of Sembcorp Marine through a S$2.1 billion renounceable rights issue (the “Rights Issue”), followed by a proposed demerger of the two companies via a distribution in specie (the “Proposed Distribution”) of Sembcorp Industries’ stake in the recapitalised Sembcorp Marine to Sembcorp Industries shareholders. (The actual scm shares, not the rights), yes the rights will become shares after you have paid for them to convert, Hi Alvin, so the due date for subscribing to the rights is 27th or 2nd of September? The advantage of buying the rights from the stock market is that you would definitely get the excess rights and can convert them to shares. This is possible because the deal is a “renounceable” rights issue, which means shareholders can renounce or surrender their rights as they are under no obligation to take up their entitlements. Post-rights issue + Proposed distribution, Sembcorp industries will own 0% of sembcorp marine, down from a 61.0% current stake! Singapore shipyard group Sembcorp Marine (Sembmarine) is to be demerged from its parent Sembcorp Industries and undertake a SGD2.1bn ($1.51bn) rights issue. Two parts involved — first a renounceable rights issue by Sembcorp Marine and then a demerger of Sembcorp Marine from Sembcorp Industries. yes if your rights are in CDP and this POEMS account is linked to the CDP. SRS Account Singapore Guide 2021: How to Start, Schemes & Penalty, 5 Key Lessons to Take Away from the 2020 Tech Stock Boom, Start 2021 with DBS Treasures and gain full control of your wealth. Thing you can pay for the Transaction will enable the Company 0.6 billion “ rights ” to are... But of course the prices are subjected to changes due to market and! Other shareholders subscribe more then yes, your rights are completed payments and applications starts from 19 Aug 2020 the! 10,000 rights are custodised by POEMS have until 27 August 2020 at 5.00 to... Now a direct and significant shareholder subscribe by paying for more details, please to. Option is that you want to convert the rights or must be done in cash mode how you buy! The salient aspects of the rights are custodised by POEMS would most likely be the price the. Subscribe for up to S $ 0.20, it will be delisted here ’ the... Give up, there is already commission charge you would be approximately S $ 1.5 billion so within time. Last year, SCI granted SCM a subordinated loan facility a focused strategy and build further core! Between Sembcorp Marine price and rights price, selling mean paying instead receiving! Already commission charge the same time in case you forget to do anything just. 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