Details 1 Rights for every 8 existing shares Exercise price $7.65 to convert each rights into shares Ex Rights date: 25th Aug Rights trading period: 1st to 9th sept View Ocbc is up close to 7% over the last 6 months, so its management took this rally as an opportunity to quickly do its much awaited rights issue following its acquisition of wing hang bank. Previously that was much fears of capital rising and dilution that resulted in OCBC trading as low as $9.05 over the past 1 year, however with the dust settled investors seems to be taking it well with the stock price holding well above the $10 level. Trading Strategy  The rights could be traded in the open market  from 1st to 9th sept. The theoretical ex-rights price would be $9.92 meaning there could be opportunity for arbitrage if one can complete below this ......