Asked on 14 May 2020
To make up for the overvaluation, should I purchase the rights shares/MCBs?
Hi. Since you bought the shares after ex rights, you dont have any rights to subscribe. If you meant to purchase the rights on SGX at additional costs on top of the subscription cost of $3/unit, its not worth it cus by then the cost of rights will be about the same as the market price.
E.g. share price $3.50, the rights will cost $0.50 + $3 to subscribe to the rights.