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Singapura Finance: Electronic application through ATMs.

Monday, November 17, 2014

I have participated in quite a few rights issues before and the way I do it has always been to visit a POSB or DBS ATM. However, we must not take for granted that this is always possible.

I went through the online document on Singapura Finance's rights issue and found that they will only accept electronic applications through the ATMs belonging to UOB or OCBC.

This is terribly inconvenient for me since the only bank I still keep an ATM card for is POSB. This card can be used at ATMs belonging to DBS too, of course. Combined, they have the biggest network of ATMs in Singapore. There is no reason for me to hold ATM cards belonging to UOB or OCBC. Well, not until now.

I will have to pay a visit to UOB to apply for an ATM card which would probably see only a one time usage. What a bother.

So, for anyone who is a Singapura Finance shareholder, in case you do not already know, please take note of this. Don't go to a DBS or POSB ATM on the last day for acceptance (27 November) only to be surprised.


Related post:
Singapura Finance: 1 for 1 rights issue.


pf said...

U can't fill in forms and mail in your application?

lofan73 said...

hi ak71,

the crude oil has dropped to us75 and wht is the best hedging mechanism for investors to take ths oppurtunity?

AK71 said...

Hi pf,

I would have to apply for a Cashier's Order and it could also go missing in the mail. I don't want to take the chance. -.-"

AK71 said...

Hi lofan,

I am afraid I don't have an answer for you. I am a very simple retail investor. :(

I do know that cheap crude is good for certain companies like those in the transportation industry. So, airlines should benefit, for example.

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