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login to desktop version. then choose corporate exercise.if u r holding 200 unit not worth for DRS cos u will have odd lot. odd lot trade at lower price in market and u will lose brokerage fee. if u r holding 5700 unit then u will get 100 unit only worth to DRS. normally after DRS share price will drop further. institutional investor will choose DRS then sell it to realise the discount.
chriss, yes. just wait the money debited to your rakuten account. base on my experience after DRS the share price always drop below DRS offer price(cimb last time also drs). reason MBB offer DRS because they want to conserve cash. if got cash why offer DRS. current situation everybody know it's not good
lim, this for rakuten. for other u can do it online as well. need refer to your investment bank for guidance. stamp duty RM 10 may apply. rakuten is free for corporate exercise.
yz hoo, sorry.typing error. is RM 7.68(already do correction on earlier comment). since u r holding 1000 unit u will get 1000 x0.135 sen=RM135÷RM7.68(17unit)get back RM 4.44 cash.
Alan, if u do not opt for DRS then u will automatically get cash.
koko, not advisable to take DRS as 17 unit not worth. when u sell odd lot u see the market offer price and brokerage fee u will know why.
If like that 0.135x5700unit=rm769. 5 can get 100 unit ( rm768) , so min 5700 unit is the only good way to subscribe DRP, else if subscribe with less unit than that just keep for grandson
