jason asked 9 years ago
Hello Peter,
CBIP made the following bonus:
(I) BONUS ISSUE OF UP TO 272,008,473 NEW ORDINARY SHARES OF RM0.50 EACH IN CBIP (“SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY EXISTING SHARE HELD AT 5.00 P.M. ON 4 NOVEMBER 2014 (“ENTITLEMENT DATE”) (“BONUS ISSUE OF SHARES”); AND
(II) BONUS ISSUE OF UP TO 90,669,491 WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY THREE (3) EXISTING SHARES HELD ON THE ENTITLEMENT DATE
The number of share will increase with the first bonus of 1 of 1. How about the 1 for 3 warrant. Will it dilute the number of share? If yes, how to we calculate the number of shares.
Thanks.
Jason