Singapore eDev

Singapore eDev - The counter trades ex on 22nd Aug. Recall that the counter is having a 12:1 rights issue, with each rights share subscribed being entitled to additional bonus shares on the basis of 1:1. Assuming share price goes ex, theoretical ex-price (assuming bonus shares not yet allocated) would be $0.0032 ((0.006 x 1 + 0.003 x 12) divide by 13). As such, rights would be traded at $0.0032 - $0.0030 = $0.0002. Following successful subscription of rights by shareholders, bonus shares would than be allocated on a 1:1 basis, which would than result in a theoretical ex-bonus price of $0.00168.