20-04-2013, 03:24 AM
(19-04-2013, 04:33 PM)a74henry Wrote: When I did not apply for the conversion of the FCOT CPPU to FCOT, the FCOT management redeemed my FCOT CPPU paying me cash in the earlier redemption.
In the last redemption, I have called to enquire and submitted my conversion form to convert my FCOT CPPU to FCOT. The management issued a SGX notice that none of the FCOT CPPU converted to FCOT. Does the management have the perogative to accept or reject the conversion?
http://www.fraserscommercialtrust.com/in...lationsfaq
As CPPU holders, the sensible thing to do is to submit the form to convert your units 100% as the market price of fcot is now higher than your exercise price $1.18, then you may have a chance to covert, depending on the management decision. Or just sell the CPPU in the open market rather than allow the management to pay you par. The above link explains better.