if the market price is lower than the right issued price, the board can decide on the new right issue price as 0.3 is just an indicator for them to prepare the prospectus. hence, that would mean everyone would not be buying the mother share and wait for even lower price. it happened to MRCB before. the indicator issue price was at 1.30 and the mother price was at 1.80. 6 months down the road, the mother price was at 1.20 and the new issue price was at 0.89 if not mistaken.

to be frank, any counter that want to raise rights to reduce the debts or for operation cash flow would affect the mother price. most of the time if not all would be lower. the longer they drag, the lower it goes down.