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If the entitlement ratio is 389 AAX shares for every 1,000 Capital A shares, then the entitlement value per Capital A share would be:
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Thus the theoretical ex-price for Capital A would be:
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So, using these updated values, the expected drop might bring Capital A down to around RM 0.32, assuming everything else stays equal.
Distribution by Capital A Berhad ("Capital A" or "Company") of 1,692,307,692 new ordinary shares in AirAsia X Berhad ("AAX"), being part of the consideration shares to be received from AAX pursuant to the disposal by Capital A of its 100% equity interest in AirAsia Aviation Group Limited to AAX, to the entitled shareholders of Capital A by way of a reduction and repayment of the Company's issued share capital pursuant to Section 116 of the Companies Act 2016 ("Distribution") Capital a sell it aviation business in exchange for Aax shares . Why need to minus ? It is not dividend from part of capital a . It is free shares by Aax , total shares of Aax will increase around 1700m shares right ? Sell part of business , get profit , the profit now is Aax shares
The dividend or the profit , free Aax shares is not from capital a itself, so after ex price won’t adjust but you get free Aax share right ? . Lucky you all misunderstand , meaw have chance to buy lower . Hahaha, And this is the reason Capital a 100% can out pn17
