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Find out more about IPO and Rights Issue in articles from the All about REIT series:
The IPO Prospectus
Rights Issue Part 1: Terms and Definition
Rights Issue Part 2: What happens during a Rights Issue
Ever wonder how to start using CPF to buy shares? Do visit Using CPF to buy shares (CPF Investment Scheme CPFIS-OA)

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Monday, November 23, 2009

Stock Movement - Kreit trends down after issue of rights units

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Kreit-asia trends down to narrow trading range of 0.985 - 0.99 today, the first day of trading of rights units. It manages to close at 0.995. Intraday low was 0.985. The trading range is similar to that during the period when rights were being traded.

In the related reports, after the rights issue, Kreit units held by Keppel Land have increased to 45.38 % of total units in issue. Units held by Keppel Corp have increased to 75.87% of units in issue. Free float now stands at about 24.13%, which is towards the low side. You may view the related reports here.



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