Polaris    Last:0.001   -

1 For 6 Rights Issue

When the rights are priced at 2 c, obviously those who are offering 1.9 cents are shortists posing a challenge to the management.

This shows shortists are damn big people (very rich)...Lol.

edwinjup      ( Date: 02-Jul-2015 12:31) Posted: Rights price 2c equal to share price....make me feel that mgt try to buy all rights at 2c unless they pump up to at least 2.5c...or else who wan buy rights ??lol...with SoftBank and Singapore post..I think Polaris will be good in future... treetops      ( Date: 02-Jul-2015 10:07) Posted: Polaris Ltd. is proposing to undertake a renounceable non-underwritten rights issue of up to 3,000,000,000 new ordinary shares in the capital of the Company at an issue price of S$0.020 for each Rights Share, on the basis of 1 Rights Share for every 6 existing ordinary shares in the capital of the Company held by the shareholders of the Company as at a time and date to be determined by the Directors for the purpose of determining the Shareholders' entitlements under the Rights Issue, fractional entitlements to be disregarded...

 

 

Substantial Shareholders	Number of shares held	Percent of shares held
Sugialam, Sugiono Wiyono	8,258,930,504	48.43%
Standard Chartered Private Equity Limited	4,406,850,233	25.84%
PT SL Trio	2,536,262,522	14.87%
OCBC Securities Private Limited, Securities Arm	72,625,810	0.43%
Ong, Kok Wah	70,000,000	0.41%

 

Rights price 2c equal to share price....make me feel that mgt try to buy all rights at 2c unless they pump up to at least 2.5c...or else who wan buy rights ??lol...with SoftBank and Singapore post..I think Polaris will be good in future...

treetops      ( Date: 02-Jul-2015 10:07) Posted: Polaris Ltd. is proposing to undertake a renounceable non-underwritten rights issue of up to 3,000,000,000 new ordinary shares in the capital of the Company at an issue price of S$0.020 for each Rights Share, on the basis of 1 Rights Share for every 6 existing ordinary shares in the capital of the Company held by the shareholders of the Company as at a time and date to be determined by the Directors for the purpose of determining the Shareholders' entitlements under the Rights Issue, fractional entitlements to be disregarded...

 

Polaris Ltd. is proposing to undertake a renounceable non-underwritten rights issue of up to 3,000,000,000 new ordinary shares in the capital of the Company at an issue price of S$0.020 for each Rights Share, on the basis of 1 Rights Share for every 6 existing ordinary shares in the capital of the Company held by the shareholders of the Company as at a time and date to be determined by the Directors for the purpose of determining the Shareholders' entitlements under the Rights Issue, fractional entitlements to be disregarded...