Quote:
Originally Posted by hispy99
they can't absorb more than 25% oversubscription by law, so using your example 8+5+1.25=14.2
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The law is 25% of the extra u get not of the initial amount. So if the extra is 8 billion, u can keep 2 billion.
Anyway, please see today's business day for the latest on Bank PHB offer oversubscription. They have issued extra 2.11 billion shares to accomodate the extra request of 8.444 billion shares (25% is 2.11). The total shares issued in the offer is reported as 7.11 billion (5+2.11).