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Assuming that the price stays around 0.180 by August, with the dilution of 56 millions new shares, Esceramic could be adjusted to 0.155-0.160 by then. Unless, the directors pumped up the share price in July after announcing next quarter result in preparation for the dilution.
@eddy khoo, how you calculate 56 millions of shares? with current price? Then who will be biggest shareholder later? can Wong Fook Lin sustain his position? will they grab the shares now?
sws lss, refer to announcement dated 5th May 2022. For calculation purpose, it mentioned the acquisition of evermix for a total purchase consideration of RM83,000,000 (“Purchase Consideration”), to
be satisfied by way of RM65,000,000 in cash and up to RM18,000,000 in new ordinary shares in
the Company (“Shares”) (“Consideration Shares”) at an issue price of RM0.32 each (“Issue
Price”);
