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?...