It has been a while since my last AMFIRST share rights issue application.
I was applying for IOIPG (IOI Properties Group Berhad) right issues few days back. And I learnt that the bank ruling has change and below is the summary for your reference to prevent dissappointment, especially to those who buy bank draft at very last minute.
1. The applicant him or herself must present to bank for bank draft purchase.
2. Mandatory to bring along Right Subscription Form and Identity Card.
The bank need to validate the transactions.
The new requirements has demotivate investors with small portion of share as the trouble against the value of rights issue share may not be worthwhile.
