Is there any restriction for Qualifying H Shareholders to participate in excess application of H Rights Shares without subscribing for their H Share Rights entitlement by filling in the PAL?
No, there is no such restriction. Qualifying H Shareholders can apply for excess H Rights Shares even if they do not take up their H Rights Shares entitlement by way of filling in the PAL. 10. Q: If an existing H Shareholder is not entitled to any Nil Paid H Rights (e.g. she/he is holding 1 existing H Share on the H Share Record Date), could he subscribe for the H Rights Shares through excess application? A: Yes she/he could. 11. Q: According to the H Share Rights Issue announcement published by the Company on 2 March 2010, the basis of the H rights issue is 1.3 H Rights Shares for every 10 existing H Shares held as of the H Share Record Date. If an H Shareholder is holding 19 H Shares (which is not an integral multiple of ten H Shares), will he/she receive 1 Nil Paid H Rights (on the whole multiple) or 2 Nil Paid H Rights (on a pro-rata basis)? A: 2 Nil Paid H Rights. The way to calculate fractional H Right Shares is as follows: First, 19*1.3=24.7, which rounds down to 24; then 24/10=
Related Questions
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