$SINGAPORE AIRLINES LTD(C6L.SI)$ MCB rights started trading this morning, opening at 0.001 and traded to as high as 0.004. Take note that the previous tranch of MCB is now trading on the secondary market at 1.001. Hence, the implied value of the rights is only 0.001 (1.001 less subscription price of 1, excluding comms). Beware of chasing after the rights.
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