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Rights give eligible existing shareholders the opportunity to purchase additional shares issued by a listed company at a predetermined exercise price within a specified period.
Rights are generally distributed to shareholders recorded on the applicable record date based on their existing shareholding. Depending on the offering terms, rights may be exercised, traded during the trading period, or allowed to expire.
The terms applicable to Rights may differ for each offering. Investors should carefully read the prospectus and offering schedule, including the distribution ratio, exercise price, trading period, exercise period, settlement process, use of proceeds, and applicable risks before exercising or trading rights.
