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Help! I'm new. I got Sunway-PA from the rights issued but i not sure what to do with it. does it become the normal share? or buy n sell normal? how does the warrant work?
This is preferences share(PA) not warrant. It has priority over mother share when comes it comes to payment but below corporate bonds/debt. So the company has to satisfy the 5.25% div before mother share has any dividend. PA protects the downside by having priority to earning but lose the voting power and superb upside where it is capped by the 5.25% div. You can trade it like other share but it has a maturity of 5year with 1:1 ratio to mother and on the 4th year 50% of PA hold will be converte
thnks ScLai. that helps clarify a bit. u mentioned that on the 4th year 50% will be converted? meaning if i got 200 shares, after 4 years 100 shares will turn into mother share? sorry for the noob question
