The Sembcorp Marine rights will be trading on SGX today (19 Aug 2020).
There are at least 3 options you can consider. Regardless which you choose, you MUST ACT.
Please don’t repeat the SIA renounceable rights and MCBs episode previously.
If you need more information, you can refer to this where we explained what Sembcorp Marine and Sembcorp Industries wanted to do. Here’re the relevant documents from Sembcorp Marine about the offer.
To make it easier for you, these are your possible options:
Option 1: Sell
These are renounceable rights which means they will be traded on SGX. You can choose to sell them instead of paying to convert them to shares.
My guess is that the initial price would be close to $0.02 since Sembcorp Marine closed at $0.22 and the conversion price is $0.20 for each right. But of course the prices are subjected to changes due to market forces and perceptions.
How many rights will you have?...