Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
(23-06-2016, 09:05 AM)Bibi Wrote: Heck. I singpost my letter this morning. So there wont be any confirmation from CDP or CMPac that they have received my offer to sell to them? Can I email the IR of CMPac to confirm or they wont entertain  . Anybody have such experiences?
I usually check the CDP account, as confirmation of acceptance. I have done so with all my previous GO offers. Once the acceptance is received, the shares will be transferred out, and payment will come later via CDP direct credit facility.
(hope it helps)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 232
Threads: 0
Joined: Apr 2013
Reputation:
3
(23-06-2016, 09:16 AM)CityFarmer Wrote: (23-06-2016, 09:05 AM)Bibi Wrote: Heck. I singpost my letter this morning. So there wont be any confirmation from CDP or CMPac that they have received my offer to sell to them? Can I email the IR of CMPac to confirm or they wont entertain . Anybody have such experiences?
I usually check the CDP account, as confirmation of acceptance. I have done so with all my previous GO offers. Once the acceptance is received, the shares will be transferred out, and payment will come later via CDP direct credit facility.
(hope it helps) Game over 
Posts: 74
Threads: 1
Joined: Nov 2013
Reputation:
1
(23-06-2016, 09:05 AM)Bibi Wrote: Heck. I singpost my letter this morning. So there wont be any confirmation from CDP or CMPac that they have received my offer to sell to them? Can I email the IR of CMPac to confirm or they wont entertain . Anybody have such experiences?
CDP did send me a confirmation letter several (can't recall exactly) working days after I have sent in my Acceptance Form.
Posts: 940
Threads: 1
Joined: Oct 2010
Reputation:
11
(23-06-2016, 10:18 AM)marandaz Wrote: (23-06-2016, 09:05 AM)Bibi Wrote: Heck. I singpost my letter this morning. So there wont be any confirmation from CDP or CMPac that they have received my offer to sell to them? Can I email the IR of CMPac to confirm or they wont entertain . Anybody have such experiences?
CDP did send me a confirmation letter several (can't recall exactly) working days after I have sent in my Acceptance Form. Great!. Thanks for the reply.
Posts: 940
Threads: 1
Joined: Oct 2010
Reputation:
11
(23-06-2016, 10:18 AM)marandaz Wrote: (23-06-2016, 09:05 AM)Bibi Wrote: Heck. I singpost my letter this morning. So there wont be any confirmation from CDP or CMPac that they have received my offer to sell to them? Can I email the IR of CMPac to confirm or they wont entertain . Anybody have such experiences?
CDP did send me a confirmation letter several (can't recall exactly) working days after I have sent in my Acceptance Form. Great!. Thanks for the reply.
Posts: 473
Threads: 18
Joined: Jan 2011
Reputation:
7
(23-06-2016, 10:18 AM)marandaz Wrote: (23-06-2016, 09:05 AM)Bibi Wrote: Heck. I singpost my letter this morning. So there wont be any confirmation from CDP or CMPac that they have received my offer to sell to them? Can I email the IR of CMPac to confirm or they wont entertain . Anybody have such experiences?
CDP did send me a confirmation letter several (can't recall exactly) working days after I have sent in my Acceptance Form.
IIRC, CDP confirmation that I received previously came quite late, after the offer closed. I always wonder what recourse I have if my acceptance for GO or Scrip dividends are not received. Fortunately so far Singpost has not failed me. Maybe should scan/snap a copy and send it IR at the same time.
SGX/CDP should implement online acceptance option for GO, Scrip Dividend etc. Shouldn't be that difficult.
Posts: 17
Threads: 2
Joined: Dec 2010
Reputation:
0
Got a question, if l send the acceptance but later decide to sell in the open market, what are the consequences if any? Thanks.
Posts: 476
Threads: 15
Joined: Sep 2010
Reputation:
17
(24-06-2016, 12:55 AM)kevlee Wrote: Got a question, if l send the acceptance but later decide to sell in the open market, what are the consequences if any? Thanks.
this would be naked short. You will be fined by SGX and then sgx will buy from mkt on your behalf to cover this. If the mkt is suspended n no mkt to buy back, good luck to you. It will be at whatever price any seller wants to sell you.
Posts: 3,732
Threads: 6
Joined: Oct 2012
Reputation:
95
(23-06-2016, 01:19 PM)touzi Wrote: SGX/CDP should implement online acceptance option for GO, Scrip Dividend etc. Shouldn't be that difficult.
Actually I think this is a really good idea either with CDP log-in or Singpass, but they have to allow agents like Boardroom to assess the submission data so that may be the regulatory issue
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
I sent out the acceptance yesterday. The next milestone for the GO, is to cross the compulsory acquisition level, i.e. 97.59%
(vested and submitted the acceptance)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
|
Homepage
PR Newswire
