Shares & Derivatives
My Strategy For Sembcorp Marine Rights
By Live Rich Life Free  •  August 30, 2021
I have earlier explained the 5 reasons why I would subscribe to the Sembcorp Marine (SMM) Rights issue even though this company seems to be bleeding non-stop and showing no visible signs of any turnaround. See post: 5 Reasons Why I Would Subscribe To Sembcorp Marine (SGX.S51) Rights?  As the SMM rights will commence trading on 31 Aug 2021, it is important to decide on the plan of action now. Shareholders of SMM can sell off their entitled rights from 31 Aug 2021, 9am to 8 Sep 2021, 5pm, which is the last day of trading of SMM rights, if they do not wish to subscribe to the rights. I have decided to subscribe to the rights by paying up through ATM before 9.30pm on 14 Sep 2021. Hence, I do not need to do anything to the rights during the trading period. Now comes the financing part. Will I pump in capital from war chest to subscribe rights of Sembcorp Marine?...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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