Why??????
Voting NonVoting
Before to right issue 103,300,891 153,369,800
Right Listed 103,300,891 41,263,823
Total 206,601,782 194,633,623
Net Assets Value Calculation
Net assets value per share before to Right issue 0.90
Net assets value after Right
Total net assets before right issue = 0.90 x (103,300,891+153,369,800)
= 231,003,622
From Right Issue = 1.30(103,300,891) + 0.75(41,263,823)
=165,239,025
Therefore Net Assets Value per share = (231,003,622 + 165,239,025)/401,235,405
= 0.99
Mkt price 0.70