Bought FRASERS CENTREPOINT TR Bought ST ENGINEERING
As STI continues to trend downwards for the month of May, I took the opportunity to accumulate a few stocks. I bought FCT before XD/XO as I would like to get more new shares for the preferential offering and at the same time get the dividend distribution in advance. There was no particular reason as to why I added ST Eng. It was just at a price I am comfortable to accumulate.
This week, I received the letters from both 800 Super for the voluntary cash offer at $0.90, and the preferential offering by FCT at $2.35 per new share. As mentioned in my previous post, I will be accepting the offer for 800 Super. As for FCT preferential offering, I will accept the new shares and also apply in excess.
As a result of the application for FCT preferential offering and