$AFFIN (5185.MY)$Hi, newbies here. Would need to seek clarification. As what i read regarding the bonus issue, under the securities entitlement, fractional disregard. Is it mean fraction share will be forfeited?
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Wolf of WaLL Stt
:
Yes, "fractional disregard" in a bonus issue means fractional shares (e.g., 0.5 shares) will be forfeited and not paid out. Example: If you’re entitled to 123.5 bonus shares, you’ll receive 123 shares (the 0.5 is discarded). No cash compensation or rounding up applies. Check AFFIN’s official announcement for exact terms.
CJF
OPWolf of WaLL Stt
:
Thanks to the reply and explaination. But in view of Malaysia share trading goes by lot (100), assuming i hold 1 lot, and this bonus issue will become odd lot? correct me if im wrong.
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